Insights Into The 2021 Housing Market
Posted by Tonya Garces on
2021 is officially upon us. But how, exactly, is the new year shaping up through the lens of real estate?
HomeLight’s Top Agent Insights Q4 2020 Report surveyed over 1,000 real estate agents for their insights into the 2021 housing market, including:
- Lack of inventory will continue to pose challenges in 2021. A lack of homes for sale presented one of the biggest challenges for buyers in 2020—and at 20.5 percent, a continued lack of inventory is the factor most agents cited as their pick for the biggest influence on the 2021 housing market.
- Remote work will continue to influence the real estate market. Low inventory will have a big impact on the market—but so will remote work. 14.5 percent of agents surveyed said the shift to remote work will…
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Allen, TX continues to lead the way in North Texas urban development with new mixed-use projects that offer new housing, office and retail options. One of the newest projects in the works is The Farm in Allen, TX which plans to attract new employers and residents on the 135-acre development site located off S.H. 121 and Alma between the Dallas North Tollway and U.S. Highway 75. With more than 1 million square feet reserved for office space, The Farm will undoubtedly attract new employers seeking affordable office space in the DFW area.
The City of Carrollton has been aggressively pursuing new urban mixed-use residential and commercial development and recently approved a new 125,000 square foot, six story Class A office structure to serve at the marquee building within the new Trinity Mills Station urban development. Trinity Mills Station in Carrollton, TX will serve as the future transit center district and is expected to further transform Carrollton, TX from a traditional suburban community into a vibrant economic hub with new housing, shopping, dining, recreation and business opportunities.
Home buyers with affordability concerns in Dallas-Ft. Worth, TX and across the U.S. now have one lesson reason to postpone their new home purchase! Low inventory levels around DFW combined with high price points due to recent increases in home value appreciation, have left many buyers with very few home purchase options when searching their ideal price point.
Another new high-rise apartment community is coming to Dallas, which is currently the top apartment market for leasing and construction in the U.S with over a dozen other residential high-rise apartment and condo towers currently in different phases of construction and completion. Designed by BKV Group and developed by Mill Creek, the new Modera Katy Trail high-rise apartment rental community will be located in a 14 story building near Highland Park at the dead end of McKinney Avenue and Katy Trail. Modera Katy Trail highrise apartments in Dallas are expected to begin leasing in late 2021. Modera Katy Trail highrise apartments in Dallas will feature 217 rental units with walk-up townhome units and a pedestrian lounge on the side of the highrise…
DFW Home & Condo sales statistics for December 2019 paint a positive outlook for 2020 throughout the Dallas Fort Worth, TX Metroplex! Check out the latest housing statistics for DFW home and condo sales below including inventory and pricing for Dallas, Denton, Collin, Tarrant and Rockwall County. The December 2019 housing report provided by Republic Title includes stats on new listings, active listings, average days on market, average home prices, dollar per square foot averages and total number of sales.