Home prices continue to rise, albeit at a slower pace: FHFA

kids-trick-or-treat-halloween-child-at-door-picture-id1173674291.jpg

Prices were up 0.2% month-over-month in August and 4.6% year-over-year, according to data released Wednesday

Single-family home prices climbed 0.2 percent month-over-month in August and were up 4.6 percent year-over-year, according to the latest data from the Federal Housing Finance Agency (FHFA). Despite the increases, price appreciation is actually slowing across the country.

Prices increased annually in all nine census divisions that FHFA tracks, with the Pacific division reporting the highest increase at 6.5 percent and the Middle Atlantic reporting the smallest increase at 3.9 percent.

Information courtesy of Inman.com

 

 

Upgrades on the Cheap

1501169612488.jpg

Mirrored Closet Doors

Make a small bedroom look larger by adding mirrors to plain closet doors. Simply pick up a couple of cheap, framed floor-length mirrors for less than $10 at your local big box store, paint the frame to match and attach to your closet door with construction adhesive for a permanent look or removable picture-hanging strips if you’re renting. Feeling extra crafty? Glue thin trim pieces to the mirrors for a high-end look.

BUY IT: Target, $5.99

Courtesy of HGTV

 

Reclaimed Wood a Hot New Accessory

stunning-kitchen-and-dining-room-in-new-luxury-home-wood-beams-and-picture-id950127464.jpg

 

More homeowners are using reclaimed wood from barns, factories and log cabins to decorate their modern homes, The Wall Street Journal reports. They’re using the reclaimed wood to decorate everything from ceilings and flooring to window accents.

“They want it to look as primitive as possible,” Klaas Armster, co-author of the upcoming book Reclaimed Wood: A Field Guide, told the Journal.

Old-growth timber is no longer available in the U.S. construction industry. Suppliers today use wood from trees cultivated to grow fast that can be quickly processed into timber. Homeowners looking for antique wood from mature trees are calling on wood-reclamation companies to look for planks to reuse. They can be costly. Large structures of wood can cost anywhere from $300,000 to $1.5 million. On a smaller scale, homeowners may find costs much lower, such as $55,000 to use reclaimed accents on their kitchen or living room ceilings.

Charles Preston used antique timbers reclaimed from an 1800s Vermont barn for a vacation home he built with his wife several years ago in Texas Hill Country. The couple used the wood on the living room and kitchen ceilings, as well as to decorate interior and exterior lintels over the windows. He told the Journal that the reclaimed wood became a focal point in their home.

Preston also says that in the 7,000-square-foot, five-bedroom home, they also have a dining room ceiling adorned with 1900s oak fencing from Minnesota and exterior siding made of hemlock that was reclaimed from Midwest barns built from the 1850s to the 1900s. “That’s the first thing people talk about,” Preston says.

Chestnut barn frames from the 18th and early 19th centuries are a big draw, James Dixon, an architect in Chatham, N.Y., told the Journal. “If you find a chestnut frame, that’s like gold,” he says.

Source: “Homeowners Get into the Groove of Reclaiming Old Wood,” The Wall Street Journal (Sept. 5, 2019)

Linda Hutchinson is 5-Star Agent

61046003_2434550393258697_8541183788317671424_o.jpg

 

Congratulations to Linda Parvin Hutchinson on winning the Five Star Real Estate Agent award in 2019! Share this post to spread the great news. Visit www.lindahutchinson.com to learn more about Linda Parvin Hutchinson! — with Linda Hutchinson Realtor at Five Star Professional.

I am thankful for my clients, family, and friends for another year as a 5-Star Agent. I am 1 of only 2 agents in Central Florida/Orlando who have won this award for the last seven years running. I don’t take anything for granted. Thank you so much.