4 Reasons People Are Buying Homes in 2021
According to many experts, the real estate market is expected to continue growing in 2021, and it’s largely driven by the lasting impact the pandemic is having on our lifestyles. As many of us spend extra time at home, we’re reevaluating what “home” means and what we may need in one going forward. Let’s talk about buying a home in 2021.
Here are 4 reasons people are reconsidering where they live and why they’re expecting buying a home in 2021.
1. Record-Low Mortgage Interest Rates
In 2020, the average interest rate for a 30-year fixed mortgage hit a record low 16 times, continuing to fall further below 3%. According to Freddie Mac, the average 30-year fixed interest rate today is 2.65%. Many wonder how low these rates will go and how long they’ll last. Len Keifer, Deputy Chief Economist for Freddie Mac, advises:
“If you’ve found a home that fits your needs at a price you can afford, it might be better to act now rather than wait for future rate declines that may never come and a future that likely holds very tight inventory.”
This sense of urgency is driving many to buy this year.
2. Working from Home
Remote work is a new normal for many businesses, and it’s lasting longer than most expected. Many in the workforce today are discovering they don’t need to live close to the office anymore and they can get more for their money by moving a little further outside of the city limits. David Mele, President at Homes.com, says:
“The surge in the work-from-home population has rewritten the playbook for many homebuying and rental decisions, from when and where to relocate, to what people are looking for in their next residence.”
The reality is, for some people, working remotely in their current home is challenging, especially when there may be other options available.
3. More Outdoor Space
Another new priority for homeowners is having more usable outdoor space. Being at home is driving those in some areas to seek less densely populated neighborhoods so they have more room to stretch their legs.
In addition, those living in apartments and townhomes are often looking for extra square footage, both inside and out.
According to the State of Home Spending report by HomeAdvisor, of the households surveyed, almost half reported spending 27% more on outdoor living over the past year. This is a trend that’s expected to grow in 2021 and beyond.
4. Avoiding Renovations
It’s recently come to light that many homeowners would also rather buy a new home than go through the process of fixing up the one they have. According to the 2020 Profile of Home Buyers and Sellers report from the National Association of Realtors (NAR), 44% of homebuyers purchased a new home to “avoid renovations or problems with the plumbing or electricity.”
Depending on what needs to be addressed, today’s high buyer demand may make it possible to skip some renovations before selling. Many of these homeowners have prioritized buying over renovating for convenience and potential cost savings.
Bottom Line
It’s clear that homeownership needs are changing. As a result, Americans are expected to move in record numbers this year. If you’re trying to decide if buying a home in 2021, let’s connect today to discuss your options.
– Get your San Antonio Home Valuation Here
Connect with me on Facebook for updates and information.
Luxurious Country French Estate with grounds right out of Southern Living. First time on the market, this property has been meticulously maintained by it's original owners and every detail of this estate was carefully crafted. The remarkable offering
Gorgeous family home in the desirable Deerfield neighborhood. Fabulous location just minutes from 1604, 281, shopping and dining. Spacious open layout floorplan with beautiful hardwood flooring throughout the main living areas. Formal dining and seco
Charming 2 story with master down in the desirable Woods of Deerfield! Downstairs features large dining room, large family room and lovely, open kitchen with newer stainless steel appliances. Let the kids relax upstairs in large family/media room. Of
This fantastic home has it all from start to finish! It sits right at the center of a cul-de-sac in the Wonderful and conveniently located Fountains at Deerfield. Location, Location, Location! Walking distance to Starbucks, Walgreens, shopping, fitne
Located in popular Oakwood, a gated neighborhood in 78248 w/Community pool, tennis & playground, 2215 Postoak Ct is the perfect place to call home. Updates include: Stylish Kitchen w/white cabinetry, quartz counters & Stainless Steel appliances; Shu
Welcome to your Oasis! This unique home sits in the estate section of sought after Blanco Woods and is convenient to 1604, 410, 281, The Medical Center, Retail shopping, and the Airport. Many large, mature oaks trees throughout the nearly half-acre
Perfect multi-generational 1 story. 4 bedrooms with 3 full baths. The 4th could be consider a second master bedroom. It is separate from the other bedrooms with it's own full bathroom and door. 4 Sides brick. Easy to maintain backyard perfect for a s
Perry Homes New Construction! Extended entry leads to open family room, kitchen and dining area. Family room features wall of windows and a wood mantel fireplace. Kitchen hosts island with built-in seating space and a 5-burner gas cooktop. Game room
Great potential for nice 4 bedroom home in gated community. Cosmetic updates include new paint and new carpet. Swimming pool in back yard has been repaired and is in good working order. Vacant and easy to show. Converted garage is currently a b
Come check out this beautiful home! This home has been beautifully renovated! This home has so many beautiful details and upgrades galore! Walk in to porcelain wood designed tile throughout house, plantation shutters, and a beautiful Chateau ivory fi
Inventory is low and this garden home SHINES! Seller has made ALOT of improvements, you gotta see to believe! Gorgeous wood floors thru-out the downstairs, kitchen was gutted and remodeled with all the top of the line appliances and quartz counter to
This is an extraordinary property with features that are hard to find in this price range. You will enjoy the oversized L-shaped pool that features a swim-up bar! A basketball court, greenbelt lot, and enormous covered patio are just some of the othe
This stunning 1 story former model custom hm in desirable Rogers Ranch/Falling Brook sits on a .35 acre lot w gorgeous oak trees & will take your breath away. Features inc: impeccable curb appeal w lush landscape, stucco exterior, corner lot, oversiz
This spectacular two-story home nestled in beautiful Inwood Estates has an open and spacious floor plan. The foyer opens to a beautiful formal dining room. The layout flows seamlessly past the foyer into the family room with its gas fireplace and ope
Located in the gated Renaissance neighborhood of the Vineyard, this meticulously maintained Mercedes home feels like a new home and offers an accommodating floor plan. Beautiful high ceilings! Spacious kitchen perfectly situated overlooks family roo
Move in ready one story in coveted Deerfield Subdivision! Inside are 4 bedrooms, 2.5 baths and two living and dining areas. Beautiful acacia wood flooring - no carpet. Large flex room can serve as game room or office. Spacious private backyard with l
Own a beautiful mediterranean style single story with a loft to see the amazing views of the City and the Sonterra's North Golf Course. 3/2-1/2 bath property is situated on the #1 hole. 2 Car garage with a golf cart space. Gorgeous views from l
Hill country charm in the middle of the city! Immaculate three bedroom two bath features an updated kitchen that overlooks both the the spacious live room and adjoining sunroom. The spacious master suite features a fully updated bath, walk in closet
Beautiful home in one of the best gated neighborhoods with amazing location. Enjoy this 4 bed/2.5 baths with the plus of an over- sized corner lot. Recently painted in a neutral color and installed new carpet in some areas. This house offers nice har
Come and see this beautiful home in the Stone Oak area, walking distance from shopping center, restaurants, minutes away from grocery stores and in a great location for easy commutes. With the home being in a great location it is also in a great subd
Exquisite Luxury Home presents Modern Architecture situated on the Bluff w/Stunning Views of South Sonterra Golf Course and Hill Country. New Roof 7.2020. Remodeled 2016-Custom Gourmet Kitchen w/Grand Mediterranean Blue Granite Island, Kitchen-Aid SS
**PRICED TO SELL** This beautiful 1.5 story, luxurious home in the sought after and prestigious Rogers Ranch gated community is loaded with high end finishes. From high ceilings, custom arches, crown molding, wood floors and custom built ins for pl
Beautiful five bedroom three and a half bathroom home in Hill Country Village. Sits on 2 acres of hill country land. Impressive entry leads to vaulted and beamed ceilings in master bedroom and living room, also with gas log fireplace. Abundant amo
This truly custom & lovingly updated GEM on a corner lot in prestigious, guarded Inwood is sure to impress! A charming courtyard with fountain greets you as you enter. Enjoy new wood floors throughout the entire home except for the tiled bathrooms.
Don't miss the fantastic opportunity to fall in love with a luxurious single-story custom-built home in prestigious Point Bluff at Rogers Ranch. This magnificent lock and go property has been immaculately kept as a vacation home by the owners since i
This Beautiful and Unique home renovated in 2019 showcases it's incredible architectural charm and character in the highly desirable neighborhood of Hidden Forest! Conveniently located to Bitters, Blanco, Huebner, 1604 and 281 this property sits in a
Luxurious Tuscan Garden Home in secluded, gated Bitters Point Villas. Immaculately maintained this 1-story garden home has an open concept kitchen, dining, and living area with beautiful artist emulated stone archways designed by Valerie Leverton thr
Breathtaking! Texas Transitional Ranch on 1 acre greenbelt lot in the heart of Shavano Park. This home offers a huge open floorplan with 5 Bedrooms, 5.5 Baths, 4-Car Split Garage. Master Suite with private Exercise/Flex Rm, his/her water closets, his
Enjoy the privacy and serenity of this meticulously-kept single-story home nestled on a greenbelt! This home offers three bedrooms, a study with beautiful built-ins, and a gorgeous dining room. The bright and open kitchen with stainless-steel applian
Pristine Home in the gated community of The Oaks of Sonterra. This fantastic family home has it all, large rooms with an open floor plan. The home features duel masters, as the downstairs large bedroom and bath could also be used as a master, mother
Revel in this breathtaking masterpiece designed by Roy Braswell & meticulously built by Kenigstein.This privately gated estate finds the perfect balance between luxury&functionality.Enter the private front courtyard with walls of floor to ceiling win
Stunningly unique granite, intricate tile work, detailed cabinetry and hardwood trim compliment the luxuriously voluminous spaces, making this home perfect for both family living and entertaining. The architectural and interior design uses light, col
Don't miss out on this wonderful 2-story home in Stone Oak Parke. Like living in your own PARK! This darling home shows pride of ownership in every detail! This gorgeous home with decorator colors, has great curb appeal from the perfect front porch
Beautiful custom home in Rogers Ranch Point Bluff with amazing curb appeal and mature tress. This home has been extensively updated and features an open floor plan perfect for entertaining. Newly updated gourmet kitchen features custom white cabine
Single-story in Hollywood Park on over 1/2 ac, with a POOL! Recently remodeled in a contemporary style. Lots of natural light added from Pella windows. The entry is graced by a private groomed courtyard. Recent new flooring (no carpet), stainless st
One of the Best Homes, Lots and Views Available Inside 1604! 1.67 acres Located on a Cliff's Edge in Shavano Park just Inside 1604 and Off of the East Side of NW Military. This 5952 Square Foot 4 Bedroom/6.5 Bath has a Large Study that was Formally
Beautiful single story 3 bedroom and 2 bath Sitterle garden home located in prestigious gated community of Rogers Ranch, Point Bluff. Great layout perfect for entertaining with open living, high ceiling and abundance of natural light. Island kitchen
Wonderful cul-de-sac lot in The Midlands of Sonterra. This is currently the only lot available for sale in this fabulous subdivision and a great opportunity to build your brand new dream home. Lot has existing curbs, entryway and a foundation slab fo
This home defines tasteful luxury. A pristine one story home in the prestigious double gated Peninsula at Rogers Ranch. Natural light floods the living and dining areas. Perfectly maintained with towering 18 ft. ceilings in the central areas. A d
Wonderful home purchased by the current owners in 2009 that under went a down to the studs re do that took the better part of year and a half. It's up on the hill situated at the end of its private driveway. It offers views of the majestic oaks that
Stunning 5 Bedroom / 4 Full Bathroom / 2 Car Detached Garage 3,565 Sq Ft home nestled on 2 Acres in the Hill Country Village Subdivision. This beautiful home features open floor concept, high ceilings, office/study, formal dining area, accent walls,
Sellers have a counter installer coming to fix the seam in the kitchen counter. Also, white dog Does not convey with the home, Old dog is negotiable! Beautifully maintained, one story in gated community of Sonterra. Backs up to greenbelt, no neigh
Beautiful 2 story home in the gated community of Bluffview Greens subdivision. This home has tons of great upgrades starting w/crown molding throughout both living and family area, study/office, high ceilings and separate dining with tray ceiling. Yo
Contemporary home under construction by Adam Wilson Custom Homes, named 2019 Custom Builder of the year by the Texas Association of Builders. Truly one of kind and currently under construction. Every detail of the design has been meticulously prepa
MEDITERREAN POOL PARADISE IN A GATED COMMUNITY NEXT TO SILVERHORN GOLF COURSE! Live every day on vacation in this resort-style 4 bedroom/3 bath home--an entertainer's dream--with its heated Keith Zars swimming pool including jacuzzi and waterfall, se
*ONE STORY in the GATED Gardens of Sonterra on .34 acres! *Backs up to Sonterra Golf Course *14'x16' entry with TALL ceiling welcomes you into this wonderfully arranged floorplan great for entertaining *Two large living areas & two spacious eating ar
This home is To Be Built. We will be carefully selecting the new homeowner, as they must be able to handle the intensity of this amazing design. If you have heart problems, watching our virtual walkthrough video could create problems. If so, we've go
Situated beside a tranquil greenbelt, this gorgeous stucco home has been completely and meticulously updated. Pride of ownership is evident throughout this three-bedroom, three-bath interior from the gorgeous gray, dry stack fireplace to the spa-like
Beautiful 3 bedroom 3 full bath home centrally located in the coveted Churchhill Estates! This Rare single story home on large .28 acre lot with an IN-GROUND POOL is move in ready. Home offers soaring cathedral like ceilings with exposed wood beams
Lovely brick home in Hollywood Park. Situated on corner lot with circular driveway. Excellent location with quick access to both 1604 and 281. Home is well equipped with many functional upgrades such as: intercom system, central vacuum, sprinkler sys
Who loves gorgeous views of greenbelts and golf courses? This amazing garden home has so many wonderful features about it and a great floor plan! Very private backyard and patio area with stamped concrete to enhance the appeal! The rich looking stain
THE SHANE! A refined balance of classic comforts and modern luxuries allow this remarkable new home in Shavano Highlands to provide a superb lifestyle experience. Ample space, natural light, and interior design potential all contribute to the easy e
Amazing Keith Zars pool with waterfall and move in ready home in the heart of Stone Oak. Spacious eat-in island kitchen has been beautifully updated with granite countertops and subway tile backsplash. Cozy office with custom book shelves and rich e
Welcome Home! This beautifully appointed 3 bedroom, 2.5 bath home with GORGOUS, SPARKLING POOL is centrally located off of Wilderness Oak close to Blanco Rd. The home is situated at the end of a cul de sac for extra privacy and larger lot size! Des
Super LOCATION on this Immaculate home in the Guarded Sonterra Subdivision close to the Baptist and Methodist Medical centers with great security! New wood floors in the family dining and study areas and new carpet upstairs freshly painted throughou
Stunning Elegant Ranch Style Home in Shavano Park on 1 acre lot - This home boasts 2,430 Sqft to include 3 Bedrooms and 2.5 Baths - This Home Features a Large Great room with Fireplace and High Ceilings - Wood flooring throughout home -Recent Updates
The Lombardi is a two-story, 2539 square foot, 5 bedroom, 2.5 bathroom, 2-car garage layout that will cater perfectly to larger families. The inviting entryway opens to the dining area which flows into the large eat-in kitchen and spacious living ro
Privately located in The Pinnacle Subdivision.This timeless and classic 2-story home offers 4-bedroom,4.5 bath.A bright and open main living area is complimented by high ceilings and large windows. Island kitchen with stainless steel appliances, gran
