So, here in North Jersey, I'm seeing that buyers are interested in a more casual style of living. More open spaces, more natural light, clean lines, less ornamental detailing, nominal window treatments. Formal spaces are becoming a thing of the past as their use becomes more and more infrequent. Entertaining continues to be less and less formal. Millenials don't want the china and crystal as who wants to be that formal.
I have seen this style termed Modern Farmhouse, yes, even in Northern New Jersey. Here are a couple photos that show this style.