Interior Design Trends for 2022 Color of the Year Pantone Color of the Year 2022, Veri PeriBenjamin Moore Color of the Year 2022, October MistSherwin Williams Color of the Year 2002, Evergreen Fog Biophilic Design Nature and a connection to nature is in. Bring more plants into your interior spaces and use natural materials. Natural… Continue reading Interior Design Trends 2022
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Category: Market Trends
My Network Just Got a Lot Bigger!
I am enjoying my first month at TTR SIR. We recently reviewed their last year results. In 2021, Sotheby’s International Realty reached a historic USD$204 billion in global sales volume and now have more than 1,000 offices in 79 countries. What does this mean to you? My network just got a lot bigger!! I’m happy… Continue reading My Network Just Got a Lot Bigger!
What Kind of Housing Market Can We Expect in 2022?
What kind of market can we expect in 2022? The Housing Market in 2021 The total value of the residential real estate market grew by a record amount in 2021 – $6.9 trillion – to $43.4 trillion. (Source: Manhertz) This value gain comes from an increase in home values due a decrease in inventory (less… Continue reading What Kind of Housing Market Can We Expect in 2022?
How Working from Home due to Covid-19 has Changed What People Want from their Home
When Covid-19 entered our home world in March 2020, we didn’t have any expectations for the longer-term consequences to… well so many things… but also to interior design. Here are a few ways that we have changed what we are looking for: 1. More Closed Spaces/Less Open Concept Open-concept layouts have been desirable for years.… Continue reading How Working from Home due to Covid-19 has Changed What People Want from their Home
How’s the Market? Oct 2021
Demand | Market Oct 2021? How’s the Market Oct 2021? We started to see a softening at the end of the summer and we were not sure if that was going to be a blip or continue. Demand for homes in the DC Metro area eased in October. The Bright MLS | T3 Home Demand… Continue reading How’s the Market? Oct 2021
How’s the Market?
So, How’s the Market? If you have been paying attention to the market, you can feel that it slowed in August. A lot of buyers and agents were on vacations or getting into the back-to-school groove. Typically, this area sees a slow down in August, but we missed that slowed down last year due to… Continue reading How’s the Market?
How’s the Market? Is it softening? Is this a shift?
Short answer – We don’t know yet, but right now it looks like summer slow down. Let’s start with the stats – how did July look? Average prices in Maryland for July are up 13.6% to $446,802. Since June 2021, the supply/months of inventory increased to 1.1 (in July 2020, it was 2) and median… Continue reading How’s the Market? Is it softening? Is this a shift?
2021 Mid-year Market Review Check in!
Current Market Demand Buyer demand is high – Thank you Captain Obvious! The market in May has softened a bit though (down 7%). Demand is strongest for single family homes priced above $950,000 and higher priced condos. Inventory Inventory is low (similar to 2019 levels). There is 0.7 months of supply for mid-priced single family… Continue reading 2021 Mid-year Market Review Check in!
How’s the Market? Washington DC March 2021
Washington DC March 2021 Market Washington DC March 2021 | Buyer interest rose for each type of home in February with the highest level of demand in the higher-priced single-family and condo segments. Except for lower-priced single-family homes, demand was as high, or higher, than one year earlier. While demand rose over the month, would-be… Continue reading How’s the Market? Washington DC March 2021
How is the Market? A covid update since April 2020
A Covid Update Since April 2020 Let’s start by talking about what happened. The US has experienced the longest economic expansion ever and then 10 years of progress was lost in a single month. While we are not back to fully recovered, the housing market has continued to do well. And in general, people who… Continue reading How is the Market? A covid update since April 2020