Have you been trying to buy a home, but higher mortgage rates and home prices are limiting your options? If so, here’s some good news – based on what Ali Wolf, Chief Economist at Zonda, has to say – smaller, more affordable homes are on the way:
“Buyers should expect that over the next 12 to 24 months there will be a notable increase in the number of entry-level homes available ”
HOME SIZE SMALLER THAN PRE-PANDEMIC
Median Square Feet of Listed Homes
That’s great news because, as Robert Dietz, Chief Economist at the National Association of Home Builders (NAHB), states, the need for these types of homes has gone up recently:
“ . . . as interest rates increased in 2022, and housing affordability worsened, the demand for home size has trended lower.”
SOURCE: REALTOR COM
This graph also shows how the size of homes on the market changes seasonally. Larger homes tend to come on the market during the summer months when households with children who are out of school are looking to move.
That seasonality means, based on historical trends and the fact that fall is now approaching, we can expect smaller, more affordable homes to come to the market throughout the rest of the year.
The seasonal trend of smaller homes coming to the market in the later months of the year, coupled with builders bringing smaller, more affordable newly built homes to the market right now, is good news –especially if you’re finding it difficult to afford a home. Mikaela Arroyo, Director of the New Home Trends Institute at John Burns Real Estate Consulting, says this about a potential increase in the availability of smaller homes:
“It’s not solving the affordability crisis, but it is creating opportunities for people to be able to afford an entry-level home in an area.”
If a smaller, more affordable home sounds appealing to you, good news – they’re coming!
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With September’s arrival, the time has come to swap sweating in the sun for snuggling up by the fire. No matter your current climate or seasonal disposition, there are plenty of ways to make your space feel better suited to the cool months ahead. .
“When I’m decorating for a season, I prefer not to go too heavy on a theme,” says Paula Blankenship of Heirloom Traditions Paint. “I prefer to use colors to transition the feel of my home from season to season versus themed items So, as I’m transitioning from summer to fall, I’m using spicy, earthy, warm tones in things like pillows, throws, and rugs versus sitting a bunch of pumpkins on my table.” Staying away from holiday-specific decor is also a great way to make changes that will last the whole season and not feel kitschy.
Textiles go a long way to making your home feel inviting and comfortable as the temperature takes a turn for the chilly. “Adding a big knitted or faux fur throw blanket is an affordable way to visually and literally feel cozier at home,” suggests Reyes. She also suggests swapping out pillow covers with inserts you already have, adding plush textures to your floor with a sheepskin rug layered on your usual rug or even swapping your bath mat for something a bit softer These types of textiles can easily be swapped out as the seasons change without having to revamp your decor every time.
For longterm fall pieces, reupholstering worn favorites is a great solution. “Luxurious fabrics such as velvet, chenille [and] velour can add a warm touch to any space, especially when paired with rich, warm-toned colors,” says Yelena Gerts of House of Style & Design “Distressed leather is a unique touch to add to a space as well as boucle textures.”
Themed seasonal dishware is still more of a niche granny-core look than a full-blown trend, but there’s something to be said about transitioning your kitchen staples Subbing in a few new pieces is a great way to mix things up in your kitchen and adapt to the new season without feeling kitschy or over the top. Grab a set of handspun earthenware bowls for those seasonal soups and stews. Splurge on a few special mugs for hot cocoa drinking.
Even though the days are short and the temperatures are dropping, outdoor living is still very much alive for the fall season. Adjusting your outdoor space to accommodate the need for a bit of extra light is imperative to transitioning to the fall season according to Lindsay Schleis of POLYWOOD In particular, Schleis suggests utilizing lanterns and pillar candles for ambient lighting as well as taper candles for your outdoor tablescape.
In the fast-paced world we live in, there are few things more delightful than coming home to a glass of fine wine after a long day For those who truly appreciate the art of wine, creating a home wine cellar is like crafting a portal to another dimension – a place where time seems to slow down, and the magic of fermentation and aging takes center stage. We invite you to uncork the secrets of home wine cellars and embark on a journey to discover the pleasures they offer.
The Cellar: A Symphony of Science and Art
A home wine cellar is more than just a storage space; it is a sanctuary where wine is elevated from a beverage to an experience. The meticulous temperature control, humidity management, and lighting conditions all contribute to preserving and enhancing the qualities of your prized bottles Wine cellars are not only functional but also aesthetically pleasing, often showcasing an exquisite blend of architectural design and craftsmanship
One of the joys of building a home wine cellar is the opportunity to customize it according to your preferences. Whether you envision a rustic, Old-World charm or a modern, minimalist look, the design possibilities are endless. From the choice of materials for your wine racks to the type of flooring, lighting, and even the addition of a tasting table, your wine cellar can reflect your unique style and taste
Proper wine storage is paramount, and a well-designed cellar is the key to ensuring your bottles age gracefully. Here are some essential elements to consider:
1. Temperature Control: Wine is sensitive to temperature fluctuations, so maintaining a consistent temperature between 55-58°F (13-15°C) is crucial.
2. Humidity: The ideal humidity level for wine storage is around 60-70% This prevents corks from drying out and wine from oxidizing
3. Lighting: UV rays can be harmful to wine. Low-UV or UV-filtered lighting should be used in your cellar to protect your bottles.
4. Racking and Shelving: Invest in high-quality wine racks or shelves that allow for proper bottle orientation and ease of access Wooden racks are a classic choice, but metal and glass options offer a contemporary twist
5. Insulation and Ventilation: Proper insulation and ventilation ensure that the cellar remains a stable environment for your wine
A home wine cellar isn't just for storage; it's also a space to appreciate and share your collection with friends and family. Consider adding a wine-tasting area with comfortable seating, glassware, and a selection of your favorite vintages. Hosting wine tastings or even small gatherings can be a delightful way to showcase your cellar and expand your wine knowledge.
Building a home wine cellar is a journey that combines investment and passion. While it may require a financial commitment upfront, the joy of curating your collection, witnessing its evolution, and savoring the fruits of your labor is priceless
Whether you ' re a seasoned collector or just starting to explore the world of wine, creating your own cellar can be a rewarding and fulfilling endeavor. So, why not take that first step and embark on a journey to unlock the magic of home wine cellars?
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