Blog - - Month: November 2020
Month: November 2020
Home Values in 2021: What the Experts are Forecasting
Housing experts agree that home prices are expected to continue to grow about 4% by the beginning of 2021. Uncertainty remains in the long term, with elevated unemployment expected to persist over the next year. After watching the for-sale housing market mostly shrug off the potential impacts of the coronavirus pandemic this summer. The market was expected to take a small dive and decrease but close 2020 with historically low inventory and massive buyer demand. Existing home sales also show the tightest housing market on record. It shows the ability that the housing market has to bounce back in the face of an ongoing recession. With winter months approaching, this healthy buyer activity suggests a winter housing market that is more active than average. Buyers may face more competition and have to act more quickly than usual to purchase their dream home. Many of those fortunate enough to have kept their jobs look to take advantage of low mortgage rates by jumping into the market by purchasing or refinancing. Mortgage rates should remain low in 2021, according to Fannie and Freddie. Both predict that 30-year fixed rates will stay in the high 2% or low 3% range from now until early 2021. After an extensive amount of time spent at home, homebuyers prefer more space and quiet. These preferences are a renewed focus on preparing for the unexpected, keeping affordable suburbs and secondary markets top of mind for many buyers. We've already seen a trend of more metropolitan sh
2020 Holiday Decor Trends
It seems that the holiday season is beginning early this year. According to recent trends, consumers plan to shop earlier this year to avoid inventory issues and shipping delays. With many of us spending more time at home this year, holiday home decorating will happen earlier than before. Are you ready to discover popular holiday trends for 2020 and how you can create these looks in your own home? 1.) Navy – This color had a significant influence on the home décor industry, as you see it in furniture, accessories, paint, and even holiday décor! Navy pairs with so many colors, including silver, gold, platinum, and red. If you have navy accents in your home, definitely consider bringing navy into your holiday décor! 2.) Platinum – Platinum is the new neutral of choice! This tone falls between silver and gold and tends to be a little softer. Platinum is the perfect companion shade that will make your décor festive and unique. 3.) Metal — This fun element is excellent to bring holiday cheer. Consider incorporating large oversized jingle bells, tabletop pieces, and ornaments. Try a mixed metal theme and focus on golds, silvers, and platinum. 4.) Nutcracker — This is a new trend in holiday décor. The nutcracker theme brings elegance, as it incorporates fun colors of red, green, gold, and navy. Add nutcrackers into the body of your tree or bringing in a playful plaid or nutcracker ribbon. 5.) Farmhouse- The Farmhouse trend is s