Real Estate Information Archive

Blog

Displaying blog entries 1-3 of 3

5 Home Design Trends for 2017

by Ashlie DuCros

As seasons change, so do home decor trends, and the 2017 trend forecast will give you a whole lot to look forward to. So if one of your New Year's resolutions is to revamp your living space, take note of the list below.

 

TREND: VELVET

Velvet
A hot fashion trend right now, velvet is expected to make a big splash in interior design next year. Look for velvet fabrics and textures to weave their way into anything from throw pillows to upholstered couches and curtains. (via Decor Pad)

 

TREND: JEWEL TONES

​Jewel Tones
Saturated colors like emerald green or sapphire blue will take center stage in 2017. From artwork to furniture, these vibrate hues will be popping up everywhere, bringing life and richness to homes. (via Dalliance Design)

 

TREND: MARBLE SURFACES


Marble Surfaces
Equal parts luxe and glam, marble tables are here to stay.Marble, especially in shades of white and light gray, will be one of 2017’s biggest design trends. Experts predict marble will become an increasingly popular material for countertops, flooring and tabletops, as well as in everyday household items like serving platters or vases. (via Alexa Dagmar)

 

TREND: ORGANIC MATERIALS

Organic Materials
The outdoors is making its way in, and the organic materials trend is no exception. Wood and stone can be beautifully integrated into a variety of aesthetics while contributing a soothing natural vibe. (via A Beautiful Mess)

 

TREND: BUILT-IN BARS

Built-In Bars
Stemming from 2016’s popular bar cart trend, homeowners next year will look for a more permanent solution for entertaining within their home. From built-in shelving for craft cocktail fixings, to a small bar seating area, homeowners are enjoying decorating and hosting more classic parties, and will seek ways to make these spaces more of a focal point within the home. (via Construction Resources)

 

6 Tips for Selling Your House in Winter

by Ashlie DuCros

With people away on trips and cold weather making house hunting less appealing, winter can be a challenging time to sell your home. On the other hand, fewer homes on the market means yours will get more attention from buyers. By upping the cozy factor, making the most of winter assets and paying attention to details, you can make your house really stand out.

Here are six ways to prepare and stage your home for success, and create a warm and welcoming vision for buyers, even when the weather outside is frightful.

 

1. Have a cozy, crackling fire.

If you have a gas fireplace or new clean-burning woodstove, go ahead and light a fire to welcome visitors. But if your home's wood-burning fireplace is older and leaves a smoky smell in the room, hold off. Those with allergies or smoke sensitivities can be turned off — or literally turned away when they have to go outside.instead.

 

2. Keep entryways scrupulously clean.

 As with any time of year, a clean and clutter-free house will sell more easily (and maybe at a higher price) than one with more visible clutter. During winter it is especially important to remove mucky boots outside and keep family gear hidden in a closet or trunk, where potential buyers won't trip over them.

 

3. Give each room a warm touch. 

A folded throw draped over the back of an armchair, a plump quilt at the foot of the bed or an area rug in warm hues are a few small additions that will make a big difference in the way a room feels to prospective buyers. Also, be sure that every light is on — even for daytime showings. Winter days can be quite dim, and your house will look its best when it's as warmly lit as possible.

 

4. Show how outdoor rooms can be used even in the coldest months. 

If you have a covered porch or outdoor fireplace, be sure to keep the area fully furnished. Turn on outdoor lights, build a fire in the fireplace and drape a few thick throws over your outdoor furniture.

 

5. Showcase the entertaining possibilities of your home. 


Winter is prime time for festive parties and holiday open houses, so whet prospective buyers' appetites with an enticing display. Set out stacks of plates and fresh flowers on a dining room buffet or display holiday cookies on cake stands in the kitchen.

 

6. Do decorate for the holidays.

Buyers want to be able to envision living in your home, so it pays to make that vision as inviting as possible. Festive twinkling lights, green wreaths or topiary, and a decorated tree near Christmas will strike the right note. That doesn't mean you have to go overboard — in fact, a house overly cluttered with holiday decor can be a real turnoff.

The Presidential Impact on Housing

by Ashlie DuCros

In short: the immediate impact of the election results on housing is a bump in interest rates from 3.5% to 4%.

The evolution of the housing market is inevitable. Regardless of who takes office, the housing market will change over the next four years. Historically low interest rates at 3.5% could not last forever. 

So what does all of this mean for housing in Orange County? 

Let’s take a look at the impact on the rise in interest rates. Buyers locking their interest rates today, compared to prior to the election, are looking at paying an additional $161 per month for the median detached home at $710,000. That’s an increase from $2,551 per month to $2,712; that's $1,932 extra over a year. And if long term rates continue to rise to 4.5%, that would be an extra $327 per month compared to where rates were just prior to the election. That’s an additional $3,924 per year.

Historically, a 4.5% rate isn't all that bad. As rates climb, affordability will be squeezed and the Orange County housing market could move from a seller’s market to equilibrium, a market that does not favor sellers or buyers. The active inventory would climb, adding more competition for sellers and more choices for buyers.

It is important to note that nobody knows yet how the new presidential administration will truly unfold. It is mere speculation based upon gut feelings of what most likely will occur. However, Freddie Mac, Fannie Mae, the Mortgage Bankers Association and the National Association of Realtors are all calling for mortgage rates to continue to rise over the next four quarters.

The chart below shows how far rates have fallen this year (on the left), and uses an average of the projections from the aforementioned institutions (on the right). As you can see, interest rates are projected to increase steadily over the course of the next 12 months.

 

One thing is for certain, the Orange County housing market will eventually evolve and higher interest rates will be the catalyst of that evolution. 

Though you may have missed getting the lowest mortgage rate ever offered, you can still get a better interest rate than your older brother or sister did ten years ago; a lower rate than your parents did twenty years ago and a better rate than your grandparents did forty years ago!

So contact me today for a free consultation to evaluate your ability to purchase your dream home!

 

 

Displaying blog entries 1-3 of 3

Syndication

Categories

Archives

Contact Information

Ashlie DuCros & Associates
Coldwell Banker Previews Global Luxury
21580 Yorba Linda Blvd.
Yorba Linda CA 92887
714-743-9778
Fax: 714-849-5489