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Buyer Demand Is Outpacing the Supply of Homes for Sale

The price of any item is determined by the supply of that item, as well as the market demand. The National Association of REALTORS (NAR) surveys “over 50,000 real estate practitioners about their expectations for home sales, prices and market conditions” for their monthly REALTORS Confidence Index.

Their latest edition sheds some light on the relationship between Seller Traffic (supply) and Buyer Traffic (demand).

Buyer Demand

The map below was created after asking the question: “How would you rate buyer traffic in your area?”

Buyer Demand Is Outpacing the Supply of Homes for Sale | Keeping Current Matters

The darker the blue, the stronger the demand for homes in that area. Only six states had a weak demand level.

Seller Supply

The Index also asked: “How would you rate seller traffic in your area?”

As you can see from the map below, the majority of the country has weak Seller Traffic, meaning there are far fewer homes on the market than what is needed to satisfy the buyers who are out looking for their dream homes.

Buyer Demand Is Outpacing the Supply of Homes for Sale | Keeping Current Matters

Bottom Line

Looking at the maps above, it is not hard to see why prices are appreciating in many areas of the country. Until the supply of homes for sale starts to meet the buyer demand, prices will continue to increase. If you are debating listing your home for sale, shoot me an email and let me help you meet buyer demands by listing your home today.

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Stuck on You: 6 New Wallpaper Trends That Will Make You Say ‘Wow’

Just like Joan Jett, wallpaper has a bad reputation. For many, the word conjures up visions of garish florals covering every possible square inch of an otherwise adorable home.

And removing it? Well, that’s a whole other horror show. If you’ve ever had the unfortunate task of scraping off reams of tacky wallpaper from your parents’ kitchen, you probably walked away with one main thought: Never again.

But today’s wallpaper ain’t like your mama’s wallpaper. Wallpaper is making a big comeback, and it’s better than ever. Seriously.

“Wallpaper is back in the spotlight,” says Cassie Crooke, the studio manager at Rumor Designs in Steamboat Springs, CO. “Wallpaper scarred homeowners in the past, with outdated patterns and adhesives making the entire experience cumbersome and dreaded.”

But modern wallpaper is easier to remove—and easier to apply. (Some simply peel off the wall, making those miserable hours seem like a cruel joke.) What’s more? Modern wallpaper designs are bold, fun, funky, and graphic. Begone, itty-bitty flowers and pink borders. Adieu, fat stripes that made your childhood bedroom look like a circus.

From city skylines to innovative embellishments with beading and tile, wallpaper is no longer outdated—it’s design’s next frontier. Here are some of the trends to watch:

1. Metallic wallpaper

Eclectic Bathroom

We’ve gilded our teacups and dotted our bookshelves with bronze objets d’art—why not add a little gleam to our walls?

“We’ve seen a trend in metallics shining through simple patterns and textures,” Crooke says. Whether they’re integrated into complicated stripes or geometry or used to add depth and interest to an eclectic pattern, expect modern wallpapers to boast an Art Deco–inspired pop of glamour.

Just be careful if you go the DIY route: Matching complicated patterns might require a pro, because the metallic shine emphasizes any irregularities. Perfect edges are hard enough without a material that makes it glaringly obvious where you’ve screwed up.

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2. Silk wallpaper

Contemporary Dining Room

Silk wallpaper might seem like the kind of luxury you simply can’t justify. But just consider how amazing it can look paired with dramatic art and streamlined furniture. And then treat yo’ self.

Created by applying silk threads to a paper backing, this elegant, neutral wallpaper “creates a light, elegant texture,” says Warren Sheets, an interior designer in San Francisco. That makes the effect ideal for dining rooms and bedrooms—but maybe skip the kitchen.

“This style is very delicate and not for high-use areas,” Sheets says.

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3. Embossed wallpaper

Davenport Ranch - Westlake

Embossed wallpaper is a new take on texture, allowing homeowners with tighter budgets to mimic classic plaster work designs such as the fleur-de-lis or acanthus leaves. If you can swing it (a roll can easily cost hundreds of dollars), you’ll feel immersed in luxury.

Most patterns require painting afterward to bring out the raised, textured effect. With careful brushstrokes and a steady hand, your entire wall might appear plucked from a 19th-century French country estate. Or aim for modern drama by painting the entire assembly in a rich, vivid jewel tone.

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4. Embellished wallpaper

Hollywood Regency Powder Room

Manufacturers are increasingly adding ornamentation to their designs, Sheets says. Today’s wallpaper features beading, recycled tile, and glass to give your walls an upscale, mosaic-like effect. It’s the perfect way to create a luxurious space that’s (admittedly) just a bit over the top. But is drama in decor ever really a bad thing?

Three-dimensional embellishments aren’t the only luxury upgrade designers are adding to today’s wallpaper. Hand-painted accents bring dimension and class to a small space. Just prep your wallet beforehand: Embellished wallpapers can be tremendously expensive, making them good choices for accent walls and small spaces.

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5. Geometric wallpaper

The Art Apartment

Cool, right? Geometric wallpaper is having a moment right now. And with such a wide variety of fun, timeless designs (cubes, herringbone patterns, or blocky and bold) available, we don’t expect this trend to disappear any time soon.

Brave homeowners can cover a whole room in these funky geometric patterns, but if you’re worried the effect might be too busy, consider an accent wall. Choose a dark background with a light (or metallic!) design, and pair it with a simple wood console for a high-impact statement wall.

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6. Digital print wallpaper

Powder Room

Modern technology means wallpaper is no longer limited to simple, repeating patterns.

“The evolution of digital printing has enabled wallpaper designers to go in wild new directions,” Sheets says. Instead of opting for a small-scale trellis pattern, you can turn your bathroom into a veritable garden. Plaster your wall with colorful insects or a sky full of shooting stars.

Nature isn’t your only large-scale wallpaper option. Consider watercolor, or simply get your favorite image printed.

Whether or not you have plans of selling your home, you should always make sure to invest in its appearance. You bought yourself a house because it looked great when it was staged. Don’t let that be the end of it. What it will look like will depend on you.


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Staging VS Decorating: What’s The Difference?

Selling your home means selling a lifestyle, but not necessarily your own. In home staging, you’re striving for a look that is fresh and welcoming yet not really taste specific. People with varying tastes need to feel that they can make the home their own if they purchase it.

This is the distinction between decorating your home and staging it to sell. It can be hard to understand at first, but if you don’t know the difference, you might not sell your house as quickly as you like.

Although everyone has different tastes in decor and furnishings, most people want a home that is welcoming, functional, peaceful and organized. Tailor your house so that buyers will describe it in those terms rather than by your style of decorating. Getting rid of clutter and having fewer but larger accessories is a great place to start.

Making sure your home isn’t taste specific doesn’t mean your rooms should be devoid of color. Instead, keep color schemes simple and dose them with an on-trend neutral, like a clean tan, a soft gray or a warm white.

contemporary-living-room

If you have a distinctive decorating style — whether it’s Tuscan, shabby chic or modern — you’re going to need to scale it back a bit. If you don’t, your home will appeal to the small percentage of potential buyers who love your chosen style. Staging is about strategic editing and depersonalizing, rather than decorating and personalizing.

Gustavian Bedroom

Dated is dreary. Strive to stage your space with a current and fresh feel. Use updated neutrals on the walls and furnishings that are clean-lined and simple. Punches of color are great; just use them sparingly. A room arranged symmetrically and centered on the architecture reads as peaceful — one of those important aesthetics every buyer is drawn to.

Bauman Photographers

This guest bedroom is full of great staging ideas. It has lots of on-trend design details, but it’s sparse on accessories and other distractions. The color palette is simple, easy on the eyes and would be attractive to both men and women. Most potential buyers would remember this appealing room long after leaving the house.

Interior Repaint by Warline Painting

This clever arrangement draws attention to the unique architecture in the space and illustrates a smart use for the area under the stairs: an office nook. This area is nicely decorated, not staged.

If I were staging this area, I would keep the desk, chair and lamp, remove overly personal items such as family photos, and leave a few pieces of art and an attractive notebook and pen. Simple accessories can help draw attention to a functional space.

If you are updating a kitchen or bath before putting your home on the market, keep the finishes neutral and classic. This is not the time to show off your personal style. You want to broaden your buying audience by appealing to a wide variety of tastes and preferences. This bathroom would definitely appeal to buyers with either traditional or contemporary taste, and could later be personalized with the new homeowner’s preferences for color and accessories.

Refined Rustic Master Bath Remodel: Ambler, PA

Sure, this may not be what normally sits on your countertop, but doesn’t it look better than the usual bills and coupons? Remember, you are selling an idealized lifestyle, not your reality.

The bottom line is that you have to get outside your head and inside the mind of a potential home buyer. It’s very difficult to be objective about your own home, but it’s crucial if you want to sell it.

Cottage and Vine
Make your home stand out with classic yet catchy interior design that’s sure to captivate even the sharpest eyes. Keep yourself updated with this blog for more home improvement tips!


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Tips for Renovating a Home to Appeal to Baby-Boomer Buyers

Follow these tips from HGTV’s Christina El Moussa to catch the savvy baby-boomer eye.

On average, the American population is getting older. More than 76 million Americans were born between 1946 and 1964 (the baby-boom generation), which means a large portion of our population is aged 50 and older. Baby boomers are either retired or reaching retirement age, and they are quickly becoming empty nesters.

These aging Americans are looking to downsize because they no longer want or need their five-bedroom, two-level homes. A home that better fits their current lifestyle is much more appealing, especially if it means they don’t have to make the move to a retirement home.

When Tarek and I are flipping a house in a neighborhood that attracts baby boomers (a less expensive neighborhood with smaller homes), we make sure to include features that appeal to this generation. An easy-access shower or a main-floor bedroom may be some of the features that first come to mind, but baby boomers have other preferences and needs that make a future home more appealing.

If you’re flipping a home that could attract baby boomers, you’ll want to keep these tips in mind as you renovate.

Luxury features

While baby boomers may be looking to downsize in square footage, they’re looking to upsize the luxury in everything else. Budget-friendly remodeling tricks (such as painting the kitchen cabinets) might work just fine for younger homeowners, but chances are baby boomers will be a little more choosy. After all, they’ll most likely be living in this home for the rest of their lives.

You can’t go wrong with installing luxury features like wood floors, granite countertops, and stainless steel appliances. These features are sure to bring potential baby-boomer buyers to your flip.

Courtesy of Zillow Digs.

More convenience

Baby boomers are tired of living in an old home that requires maintenance and work. Instead, they want something new that provides more convenience and less stress.

Boomers love modern appliances that they won’t have to repair, a yard that’s easy to maintain, energy-efficient windows and doors to save on their heating bills, and a large, open floor plan that provides lots of space and natural light.

Additionally, baby boomers prefer a one-story home because they won’t have to go up or down stairs to get to their bedroom.

Courtesy of Zillow Digs.

Home office

Many baby boomers are still in the transition phase from working a full-time job to retiring. Often boomers want to keep working even after they’ve retired because they enjoy bringing in the extra income. A home office will allow them to work from home without having to commute every day.

While you don’t necessarily have to spend a lot of money on transforming a room into an office, setting aside a room to be used specifically as a den or an office will be appealing to those baby boomers who want to continue working.

Courtesy of Zillow Digs.

Easy-to-maintain yards

This goes hand-in-hand with more convenience, but I can’t seem to stress it enough. Put simply, baby boomers want a yard that doesn’t need a lot of work.

While finding a zero-maintenance yard is not very likely (except, of course, in maintenance-free communities), hardscaping a portion of the yard or replacing the lawn with a patio will cut down on yard work.

Courtesy of Zillow Digs.

Extra space

Baby boomers love extra space — but it has to be flexible space. They enjoy space they can adjust to their lifestyle and preferences. Rooms they can easily transform from a guest room into an office and then a hobby room are much more attractive than a space meant to be a bedroom forever.

Boomers like the freedom to choose how they use their extra space, especially when it doesn’t require a lot of work on their part to make the changes.

Courtesy of Zillow Digs.

Baby boomers require unique features in their homes, which can be overwhelming if you’re not sure how to appeal to their generation. But keep these tips in mind during your next flip and you’re sure to attract baby boomers.

If you are serious in selling your home this year, you have to follow these tips to attract the biggest buyers of the market. When you’re ready and your home is set, give me a call and let’s get your home listed!