Home DecoratingMarket NewsReal Estate January 11, 2021

Trends To Expect in 2021: Real Estate Market, Decor, & Home Technology

Despite everything that has happened in 2020 — the pandemic, protests, presidential election, debt, and mass rural migration — the 2021 general outlook on real estate is promising. The market has remained incredibly resilient, which leads to a few interesting trends in the year ahead.

Here are the top 6 home trends that we have identified as game-changers for 2021.

1. Home Prices May Continue Rising

It has been a bit of a paradox that, even with the economic recession, median home prices in the US surpassed $300,000 during the pandemic for the first time and sales rose 8.7% year over year. This is a solid indicator of the increased demand for houses, especially in rural areas as people sought to escape the crowded cities.

In fact, housing prices and rent have been increasing steadily for over a decade, partly because of government efforts to incentivize homeownership through access to low-interest loans and mortgages. Where previous economic recessions caused slumps, the coronavirus pandemic has proved quite different.

The year 2021 is expected to be a recovery period for many families. With vaccines on the horizon and countries such as the UK already rolling them out, people are expecting to get their jobs and finances back in order.

Government incentives to the market will ebb in 2021, which has fostered fears that the market will crash instead. However, we believe that the increasing demand and reduced home listings will continue to drive soaring home prices.

2. Demand for Affordable Housing Driving People to the Suburbs and Smaller Cities

Urban dwellers in crowded cities have been fleeing to the more spacious, affordable suburbs for some time now. Thanks to teleworking opportunities, they no longer feel the need to commute to work daily. Instead, even households without kids are preferring the open, healthy suburbia to crowded and expensive city spaces. 

The PwC real estate report highlights this exodus, driven especially by millennials. These young people covering the 30-49 age group are now having families of their own and looking for better spaces to live in. We already know that millennials don’t mind working from home or even taking pay cuts if it means a better quality of life.

With these factors in mind, it isn’t surprising that suburbs will account for more than 80% of the household growth rate over this decade.

3. The Need for More Customized Space: Extra Bedrooms, Home Offices, and the Outdoors

The functions of a home have now changed from a mere living space to include work, social life, meeting places, and education. Home offices and extra bedrooms are finding extra attention as people consider working from home past the pandemic.

Additionally, cross-generational living is on a sharp rise. That means parents, grandparents, and kids are all moving in together for family and financial reasons, which is also driving a need for more space.  

With the improved family life has come a need for more variety of home features. Backyards and gardens are being transformed with decks, patios, and pergolas to create a more fulfilling home space. 

For those looking to sell their home during the holidays and through 2021, it will be important to keep this in mind. Fences for privacy, pools for recreation, home gyms, yoga spaces, and even spas are all appearing in home staging to meet changing customer needs. By upgrading your home with such amenities, you will sell more quickly and get a better deal.

4. Virtual Real Estate

The use of technology in real estate has risen sharply since the coronavirus lockdown measures. For one, virtual home tours through streaming services like Zoom have become very popular during the pandemic. 

Virtual real estate is the next natural step after online listings and mobile closings, especially since we already have the technology needed for virtual documentation and legal signing. 

However, virtual home tours have become much more popular in both online listings and agent-led house viewings. This trend is being driven by an increasing willingness of home-bound house buyers to transact without actually visiting the property.  

Even after the pandemic is over and normal freedom of movement resumes, we will see an upsurge in the use of hi-tech technology such as 3D scanning to create interactive presentations of homes for prospective clients. Research suggests that up to 50% of people online rely on virtual tours in their research process, and more are expected to follow suit.

5. A Need for Better Kitchens

More than ever before, kitchens are becoming a focal point for families. During the lockdown, many people rediscovered a love for cooking and various culinary hobbies than ever before. Existing families are investing more in their kitchen with upgrades, remodels, and appliances markets surging.

Specific kitchen trends that customers will be looking for include:

  • Storage — the need for improved and long-term food storage has come to the fore during the pandemic. People want bigger kitchens with pantries, bigger cold storage, and so on
  • Layered and closed kitchen plans are taking back popularity from the more contemporary open plan kitchen/dining room experience
  • Minimalist but high-quality kitchen appliances are on the uptick as people take pride in wholesome cooking habits such as baking 

6. Warm Design Palettes to Create Cozy Spaces

Another breakthrough trend that began in 2020 and is expected to thrive in 2021 is the increasing need to cozy up the home. Due to the shelter-in-place guidelines, many families turned to the use of warm, fuzzy colors to create a more welcoming space in their homes.

Contemporary and clinical looks are now giving way to cozy vibes. Similarly, window treatments, wall hangings, wallpaper, carpets, and furniture are all being chosen for comfort, warm texture, and distinct “homey” vibes. Warm wood colors are especially getting popular together with soft textiles.  

Additionally, outdoor firepits and outdoor heaters are becoming a very common fixture in backyards and patios this winter season. This all in an effort to make the home cozier while maximizing its recreational value.

Weidel Real Estate for 2021 and Beyond

At Weidel Real Estate, we continue to hold onto our century-old traditions of loyalty, trust, respect, and an unwavering commitment to quality service tailored to suit your unique needs. 

That’s why we have been working tirelessly to monitor these changes in user preferences to make sure that we can meet your needs adequately in 2021 and beyond.

Visit Weidel Real Estate today to browse our various communities or explore listings to find the perfect home for rent, sale, or investment, and let us walk with you every step of the way.

Real Estate October 20, 2020

Our Response To COVID-19

To Our Valued Clients,

We appreciate you. Thank you for putting your trust in Weidel Real Estate as we guide you through the home buying and selling process during Covid-19. We know there is an overwhelming amount of information being circulated, so we will keep this brief. Now more than ever it is vital to have the right company and the right person standing behind you. We are so proud you have chosen to work with us, and we want you to know that we do not take that responsibility lightly. It is important to recognize real estate is an essential service, and Weidel agents are well informed and ready to work with you to meet your goals and needs. We are educated on the intricacies of protecting you and your property, present, and future. Weidel Real Estate is holding in utmost priority our fiduciary responsibility to you, as well as your safety. This guide is to help you stay informed and understand what we’re doing to protect your safety while buying or selling during this pandemic. We look forward to our continued relationship.

– Weidel Real Estate

 


SELLERS

THERE ARE A FEW THINGS TO KNOW ABOUT HAVING YOUR HOME FOR SALE RIGHT NOW.
At Weidel Real Estate, we are ready to prepare both you and qualified buyers for the safe viewing of your home, whether in-house or online.

WHAT WE CAN DO TO HELP YOU SELL AND KEEP YOU SAFE:

  • Prepare a comprehensive digital marketing plan for your property to expand its online footprint.
  • Share your listing to our large publishing network of websites to maximize online exposure.
  • Leverage social media and email marketing campaigns to stay top of mind with prospective buyers.
  • Provide marketing materials to display in your home reminding buyers of safe viewing practices.
  • Prepare a virtual showing of your home for prospective buyers to view as a first showing, or in place of a live showing.
  • Conduct live showings (where permitted) to further engage with prospective buyers.
  • Keep you informed with updates on the real estate market.
  • Present offers to you virtually.
  • Provide electronic signing options.


BUYERS

KEEPING YOU SAFE DURING YOUR HOME SEARCH
We have implemented industry-leading guidelines for you to follow to help protect you and your family.


WHAT YOU MIGHT EXPECT

  • Sellers are only allowing serious buyers through their properties. You should be pre-approved through a qualified mortgage broker before you start the buying process.
  • You may be asked to complete a COVID-19 disclosure statement related to your current health and exposure history.
  • You may ask a seller to complete a COVID-19 disclosure statement related to their current health and exposure history.
  • Sellers may suspend all in-person showings, but you can still request a virtual showing.

WHAT WE CAN DO TO KELP YOU BUY AND KEEP YOU SAFE:

  • Request an initial virtual showing. Qualify if the home suits your needs before viewing it in person.
  • You may request a seller’s COVID-19 disclosure statement prior to visiting their home.
  • Provide notable updates to you regarding the current real estate market, and how that may affect your home buying process.
  • Prepare offers for you virtually.
  • Provide electronic signing options.

 

ABOUT US

Founded in 1915, the Weidel family of companies has grown to encompass all parts of the residential and commercial real estate markets, including brokerage through Weidel Real Estate, real estate mortgages and finance through Princeton Mortgage Corporation, title insurance through Princeton Assurance Corporation, and real estate education and licensing through the Princeton School of Real Estate.

Press Release June 30, 2016

Welcome Matthew Valenzuela

 

Weidel Real Estate Continues Growth with the Addition of

Flemington Sales Associate

 

Flemington, NJ – June 29, 2016 – Weidel Real Estate, a leading independent real estate agency in New Jersey and Pennsylvania, is pleased to announce the addition of Matthew Valenzuela as the newest member of their sales team in Flemington. Matthew is a licensed real estate agent in New Jersey with a focus on residential and commercial real estate. He is excited to join the Weidel team in growing business in the Hunterdon, Mercer, Somerset and Warren Counties and assisting local residents with their home buying or selling needs.

“We are very excited to be welcoming Matthew to the team,” says Richard Weidel III, Executive Vice President of Weidel Real Estate. “He is a tenacious, dedicated agent with great perspective in the Flemington area and a perfect choice for finding your new home.”

Matthew has a compelling background touring the country as a member of a rock band. He was born and raised in Randolph, NJ and graduated from Rutgers University. For the past several years he’s worked in asset and property management, learning the details of maximizing property value to cultivate the market. Consequently, through this experience he developed a strong passion for real estate.

“I have an extensive devotion to this industry, and I’m thrilled to be expanding my reach to local residents even further by working with Weidel,” says Matthew. “Through their full-service organization, I can successfully enhance lives throughout the Flemington community by helping them find their dream home.”

To reach out to Matthew regarding your real estate needs, please call the Weidel Flemington office at 908-782-0100 or you can email him directly at mvalenzuela@weidel.com.

Valenzuela, Matt

 

Weidel Real Estate – Since 1915, the Weidel family of companies has been earning loyalty, trust and respect through an unwavering commitment to individualized, quality service. Our mortgage, insurance, title and national relocation entities allow us to offer our clients the benefits and exceptional value of a full service organization. Moreover, the dedication, enthusiasm and integrity of our Associates exemplify Weidel’s unique culture. For more information, please contact Weidel Realtors at 1-800-288-WEIDEL, or visit our website at www.weidel.com.

Media Contact – Kelly Cox, Marketing Operations Coordinator. 609-737-1522 ex 206, kcox@weidel.com