Whether you’re a city dweller who’s looking to move into the suburbs or you want to sell your cramped space for a larger home, it’s smart to keep your eye on the ever-changing real estate market.
Here are the real estate trends to look out for in 2021.
Millennials Will Be the Top Home Buyers
Millennials, or people born between 1981 and 1996, have been dominating the housing market for the past couple of years, and this year isn’t any different. With the youngest Millennials turning 25 years old in 2021, chances are, many will be moving out of their parents’ home and into their own private space.
On the other hand, the eldest Millennials will be turning age 40. This may mean that they’re expanding their families, getting higher-paying jobs and moving into larger homes. With many still working from home, chances are, people will be looking for an at-home office space during their real estate search.