The Market Moving Forward

As recently discussed on our blog, the market currently lies in favor of sellers as opposed to buyers, an analysis which is likely to change as buyers may have the opportunity to step forward later this year. News of mortgage rates and home prices increasing by mid 2019 gives potential homebuyers the chance to reconsider in 2018.

Data from CoreLogic and the U.S. Census Bureau and Department of Housing and Urban Development predict that median home prices are expected to increase by 3.9% in mid 2019. Mortgage trends and experts have similarly suspected that mortgage payments on a median-priced home could possibly increase by 10% in 2019. While no prediction can ever be taken as fact, it is something to consider. This increase in home prices and mortgage rates can be intimidating for potential homebuyers, but there is a silver lining.

The demand for homes in 2018 has given sellers the upperhand, while the latter half of the year may be the time when buyers take reign of the market. Considering these factors, it is encouraged by data that potential buyers reconsider a home as the market may shift in their favor due to increased availability of homes and a predicted slowing down of demand. With that being said, step over sellers, and make room!

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Ideas for Brightening Your Summer Space!

 

What better time to brighten up your outdoor space than during the summer? Here are some simple and exciting tips to not only brighten up your backyard, but your Monday too!

Often times, homeowners may think that making a space feel new can only be achieved through costly renovations. We challenge this today beginning with your outdoor space. Whatever that may look like for your home.

Some of the best ways to change the feel of an area can be done through small changes. We’re highlighting some of those small changes to help you update your yard just in time for more late summer nights. If your patio or front porch constitutes your outdoor space, consider purchasing a bright new rug or vibrant pillows to add a pop. There are many options for weather proof decor, so always consider this for its durability. Additionally, something that works in any outdoor area is adopting colorful new plants. These bring new life to an area while feeling appropriate for the summer. Something that works great for backyards are colorful lanterns. These can be filled with electric candles if necessary, or even citronella to ward off those pesky mosquito’s.

Hopefully these tips help you to renew and enjoy your outdoor area this summer!