Trends overlap and have influence on any number of fields; Real Estate and home design are good examples of how changes in one influence the other. A recent summary from the National Association of Realtors discusses the November decline in existing home sales.
“Home sales are hurt by higher mortgage interest rates, constrained inventory and continuing tight credit,” says Lawrence Yun, the association’s chief economist. “There is a pent-up demand for both rental and owner-occupied housing ..., but the bottleneck is in limited housing supply, due to the slow recovery in new home construction.”
Homeowners have gotten creative with squeezing more space or spaciousness from smaller houses. Unused attics or basements and backyards are benefiting from modern products that make these areas productive and visually appealing. Downsizing is now giving way to upsizing; open design layouts and partial wall divisions that provide more flexible use of space.
So if you are looking to attract buyers, articles like this one from Realtor Magazine can be a useful source of information for clients and agents. The article lists the top 10 home design trends, discussing modifications like wider, reclaimed wood and wood-like porcelain floors, simpler cabinets, bigger drawers, indoor-outdoor living, kitchen color, energy efficiency and new materials.