Everything old is new again….sort of. For me, wall-to-wall carpets are reminiscent of that period in the 1970s when lime green and yellow were trendy and bathrooms were pink, black and white. There also were those orange nylon wall-to-wall carpets that seemed to be impossible to clean. But now let’s forget about all that. …
Millennials At The Housing Helm
Millennials, the largest generation in the country’s history, are driving the real estate market this year as they are expected to take on more than half of the mortgages issued. In 2020 a large portion of millennials, roughly some 4.8 million, will be turning 30, which is believed to be the peak home-buying age, according …
Mortgage Rates Drop Again
Mortgage rates are at their lowest level in more than three years, potentially boosting the U.S. housing market as it enters the crucial spring selling season. The average rate on the 30-year fixed-rate mortgage, the most popular home loan in the U.S., dropped to 3.45%, according to data released Thursday by mortgage-finance giant Freddie Mac. …
2020 Trend: Fading Bleached Floors
Say goodbye to blanched wood surfaces, say design experts. That trend is fading this year. Clients are concerned that bleached and whitewashed floors, a hallmark of Scandinavian and Modern Farmhouse styles, will not stand the test of time. Also leaving designer showrooms apparently are the flooring materials that were part of the gray wave of …
Seniors’ Housing Wealth Hits Record High
Seniors who own a home are in a good place, financially that is. Homeowners 62 and older saw their housing wealth increase by 0.3 percent, or $24 billion. With that, senior housing wealth reached a total record high of $7.19 trillion, according to the National Reverse Mortgage Lenders Association. The increase resulted from a 0.5 …
The Hot New Trend: Jewel Box Homes
For many, the era of mega estates is over. Increasingly luxury homeowners are being drawn to “jewel box” homes. These are smaller homes decked out with upscale amenities and deluxe features. The number of new luxury homes of 3,000 square feet or less has jumped nearly 20 percent since 2013, according to data from the …
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