Rate Hikes in 2023 Could Affect Today’s Housing Market

In a vote of confidence in the nation’s strengthening economy, the majority of the Federal Reserve members now anticipate raising the interest rates twice in 2023. And while this wonky monetary projection may sound like a long way off, it could have a real impact on today’s overheated housing market.

In response to the news, mortgage interest rates could tick up a little in response. This could result in the scorching-hot and ultracompetitive real estate market softening just a touch.

Read more HERE.

Post-Pandemic Housewarming Gift Ideas

whole lot of people have moved in the past year—you probably know a few who have recently purchased a new home or are settling in to a new apartment. And if they plan on hosting a housewarming party to celebrate their new pad, it’s only natural for guests to want to bring a gift.

But before you bust out that baking sheet to make a batch of your famous welcome-to-the-neighborhood cookies, think twice. In this not-quite-post-pandemic period, housewarming gifts that were once considered appropriate may no longer be a good idea. Instead, think of gifts that pose no risk of spreading germs or promote sanitary practices in the home.

Read more HERE.

Millennial Military Veterans Fuel Demand for VA Loans

Millennials—people between the ages of 25 and 40—are a force in the overall housing market, but may be even more so among veterans. Millennials accounted for 50% of all Veterans Affairs–backed purchase loans in 2020, according to data from Veterans United.

VA loans require no down payment. As home prices rise, that frees up buyers to save enough to cover 1% to 5% in closing costs.

Also, millennial vets may be purchasing in higher-priced areas as they take advantage of historically low interest rates.

Read more HERE.

Think Home Prices Have Gone Crazy Since the Pandemic?

Just about everyone knows it’s not a great time to be a home buyer right now. Thanks to the extreme inventory shortage, competition is fierce—and home prices have shot up by double digits since the beginning of the COVID-19 pandemic. It’s crazy. Could anything be harder to buy these days?

Well, yes, actually. Those who think the housing market is tough these days should try getting a puppy.

The run-up in home prices inspired Realtor.com® to look at how much prices on a variety of everyday things have changed since the world first went under lockdown. And we quickly confirmed that it wasn’t just home prices that shot up wildly over the past year.

Read more HERE.

5 Easy, Earth-Friendly Ways To Create a More Eco-Conscious Home

With renewed focus on the accelerating climate crisis, many people wonder what they can do individually to make a difference. The good news is that you can have an immediate impact by instituting small changes around the house.

1. Cancel plastic from your bathroom.

2. Swap out paper products for cloth.

3. Upcycle your recycling.

4. Reduce your laundry loads.

5. Use eco-friendly cleaning supplies.

Read more about these tips HERE.

5 Styles Fixer Upper Has Dropped

Chip and Joanna Gaines are home renovation royalty. They’ve gone from the debut of their smash hit, HGTV show “Fixer Upper,” in 2013 to running their own network, Magnolia.

A large part of their success (aside from their adorableness as a couple) is their keen sense of design, which they’ve honed into a highly marketable style known as modern farmhouse. And while the tenets of their signature style have endured (think: reclaimed wood, white paint,  comfortable no-frills furniture), their aesthetic hasn’t remained static by any means, and has evolved over time.

Curious to see how Chip and Joanna’s decor style has changed over the years? Here’s a look at some of their early fads that have since faded from their repertoire, and the new styles that have taken their place.

5 Color Trends That Will Dominate This Year

With COVID-19 vaccines rolling out and the promise of a not-so-distant future where life is normal again, now seems like the perfect time to bring your place out of the dark ages of decor and into the bright and beautiful light of 2021.  Fixr surveyed 68 of the nation’s top influencers and designers about the year’s top color trends, and we’re sure these exciting new palettes and design schemes will help inspire your next interior styling session. Read more HERE.

What To Expect in 2021’s Housing Market

With vaccines rolling out, the days of the deadly pandemic that bludgeoned the nation’s economy seem to be numbered. Good riddance! But the soaring home prices that became a hallmark of the COVID-19 crisis may be here to stay.

Realtor.com®’s 2021 housing forecast predicts record-high prices will continue rising in 2021, delivering a blow to first-time buyers and those on a budget. Mortgage interest rates, which hit historic lows this year and helped fuel the go-go growth in U.S. housing markets, are also expected to tick up again, making monthly housing payments ever more expensive.

Read more HERE.

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