January

The hot interior trends of 2020

The hot interior trends of 2020

Do you have customers in need of fresh decorating strategies? Here are the home décor trends that are expected to make a big splash in 2020.1

  • Patina accents. This is being expressed with vintage furniture as well as decorative items‚ such as earthenware and ceramics.
  • A shade of blue. Classic blue (a shade of navy) is Pantone’s 2020 Color of the Year. It’s being used on kitchen islands or on walls to provide contrast to white trim.
  • Kitchen art. More homeowners are considering the kitchen when acquiring decorative artwork.
  • Curved sofas. In a nod to the ’60s and ’70s‚ there’s a renewed focus on curved lines.

Here’s to a great week.

1Juliana LaBianca‚ “Fifteen home décor trends you’re about to see everywhere in 2020‚” Good Housekeeping‚ last updated December 17‚ 2019.

January

Boston-area buyers
especially benefiting

Purchasing a home near a commuter rail station is delivering a high return on investment for Boston-area buyers. Consider these numbers from the National Association of REALTORS® (NAR)1:

  • Boston was among seven regions analyzed by the NAR and the American Transportation Association. The others: Eugene‚ Ore.‚ Hartford‚ Los Angeles‚ Minneapolis-St. Paul‚ Phoenix‚ and Seattle. Each area had residential properties within a half mile of commuter rail‚ rapid rail‚ or bus options.
  • Between 2012 and 2016‚ the median sale price of homes in the Boston area near a commuter rail station jumped 24%.
  • The highest increase (144%) was found in the vicinity of Concord Station on the Fitchburg commuter rail line.

1“The estate mantra: Locate near public transportation‚” National Association of REALTORS®.

January

Today’s parents are paying it forward

American homeowners are a giving bunch. More than one in five helped someone else buy a home—and more often than not‚ it was their children.1 Check out this data from co-investing firm Unison:

  • Seventy-nine percent of homeowning parents feel it’s important for their children to own a home. Of those with Millennial children‚ 18% have already provided financial aid for a home purchase.
  • There’s a “pay it forward” aspect involved‚ as 22% of today’s parents said they also received help from their parents when they entered the housing market.
  • This generosity may have a downside. One in 10 homeowners admitted that they have not saved enough for retirement due to the financial support of their adult children.

I hope information like this gives you better insight into today’s buying market.

1Steve Randall‚ “Bank of mom and dad is open for most homebuyers‚” Mortgage Professional America‚ last updated December 6‚ 2019.

January

Sales expected to grow 3.6%

Many markets are projected to remain hot in 2019 – including Metro Boston.1 According to Realtor.com®:

  • The Boston metropolitan area (which includes the city and most of Eastern Massachusetts) ranks as the 10th best market.
  • The area median home price will hit $496‚710; the number of homes sold will grow 3.6%.
  • The education‚ health care & technology industries are luring Millennials to Boston and its suburbs.
As always‚ Capstone Mortgage is here to provide timely market information. Please contact me if you have questions.

1Alison Underhill‚ “The 10 surprising housing markets poised to rule in 2019‚” Realtor.com®‚ last updated January 2‚ 2019.