Mid-Century Modern

Mid-Century modern style is hotter and more desirable than ever!

Happy Rooms

Certain colors make such happy rooms!

BOLD statements

I love people who are not afraid to make bold statements when it comes to decorating their home.

Interior decor styles that sell

Of all the factors that influence a buyer’s decision to put in an offer on a home, there’s only one that sellers can fully control: how the home looks at first viewing. While clients may be used to hearing that they need to declutter and repaint rooms, they may not be fully aware of the impression their décor makes on a potential buyer — especially if they’ve already invested money in a specific look.

“In our area, everyone went crazy for the heavy ‘Tuscan-inspired’ style with lots of browns, golds, blacks, and speckled granites for about a decade in the early 2000s,” says Haley Rodriguez, REALTORⓇ and Luxury Home Specialist with Kuper Sotheby’s International Realty in San Antonio, Texas. “When these houses hit the market now, buyers comment on how dated they are.”

Though you can’t go back in time, you can encourage sellers to make strategic changes that will create a more current feel that resonates with buyers. And the sooner they know, the better.

“Whenever you have a gut feeling that the décor is outdated or overwhelming, or if something strikes you as very personal, custom, or is crowding or compromising a space, replace it,” advises Corey Crawford, Real Estate Professional with Summit Sotheby’s International Realty in Park City, Utah. “Your seller is going to need to mobilize everything anyway, so why not get ahead of the curve?”

Whether working with a seller to make improvements or recommending staging, get acquainted with the décor styles that will stop buyers in their tracks.

Calm and classic

Summit Sotheby’s International Realty

When it comes to selling homes, it’s hard to go wrong by sticking to the trends that resurface over seasons. “I’m seeing buyers getting excited about classics,” says Rodriguez. “Shapes that have stood the test of time: Barcelona chairs, Eames Lounge Chairs.”

Even the recently beloved gray walls are already out of style. Instead, buyers are responding to wall colors and décor that cultivate a light and bright feeling in a home. “White walls, simple countertops, neutral drapes and furnishings, neutral art — these traits always sell a house,” notes Rodriguez.

The only risk? Simplicity can read as uninviting when overdone. Rodriguez advises her clients to avoid cold rooms by adding soft lighting throughout and bringing in blacks and aged brass as complements. Simple lines, flat-front style sliding doors, accent pillows, and tall, modern baseboards can support more classic design. “Less is always more,” she says. And when in doubt, add greenery. “Interesting houseplants are so on trend, and they make the home feel alive.”

Mountain contemporary and industrial chic

“The best aesthetics I’ve seen have been the blend of mountain rustic with proper modern,” says Crawford of homes in Park City. “A style that is more timeless, with vintage and organic elements that present warmth. Handcrafted tiles that feel fully custom. Bespoke lighting that lends a low volt wash to a wall.”

He taps into the expertise of designers in his market to get a sense of what’s happening from a style perspective. “I’ve learned a lot from the designers I work with on a regular basis. They’re adept at creating a sense of authentic spaciousness — that juxtaposition of clean architectural lines, the use of metals and stone with a simple edge detail, organic textiles and finishes, and items that have a patina.”

Crawford is also seeing his clients gravitate towards industrial trends. The hallmarks of industrial chic include concrete floors, wood cladding, and solid timbers. Stacked stone, ultra-luxury kitchens and cabinetry by Poliform, and solid slabs in bathrooms and kitchen backsplashes ensure that homes in this style strike a balance of natural elements and contemporary finishes.

Article courtesy of Inman

 

Forecasting the Housing Market

NAR forecasts the possibility of record low housing inventory in 2020. A shortage could lead to higher prices and make it even more challenging for buyers to find a home.

Are Homes Under $250,000 Nearing Extinction?

NEW YORK – According to a recent report by economic research consultancy Capital Economics, the number of vacant single-family homes on the market priced under $250,000 has halved since 2012.

There were only 550,000 vacant homes on the market nationwide priced under $250,000 at the start of the third quarter of 2019.

Capital Economics attributes this to two things: a lower overall housing inventory and a shortage of cheaper homes in particular. It also notes that the number of vacant single-family homes for sale dropped 25% since 2012, and while the homeowner vacancy rate rose slightly in the third quarter, it was up from a 40-year low in the second quarter.

A lack of affordable homes could hamper the home buying prospects of the younger generations. Capital Economics expects that rental vacancy rates will stay fairly low, preventing a sharp fall in rental growth as the economy slows. However, the report also notes that household formation rates are strong, as 2.9 million new households were formed in the last two years, up from 1.9 million households formed in the two years to the third quarter of 2017.

Household formation could lead to more people being ready to buy a home, but the report warns that new households will find it increasingly difficult to find an affordable home. The report also notes that tight credit conditions will make it more difficult for potential home buyers to stretch their budgets until home builders ramp up production of cheaper properties.

Source: HousingWire (11/06/19) Smith, Maleesa

US home prices spiked nearly everywhere in third quarter: NAR

Home prices rose in 93% of all US metro markets, according to a new National Association of Realtors report

Home Library’s are HOT

The resurgence in readers and books are making the home library a “hot” commodity in today’s real estate marketplace. The velvet sofa is pretty great too.

Bold Color

If you are nervous about using bold color in your home, try it on a smaller scale…pick out one thing (like this door) and go bold. There was a time when everything matched but not anymore…people like a little bit of creativity and this is a good place to start.

Go Bold AND Go Home.

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

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