As more young people look to move into the housing market and more retirees look to downsize, home builders have begun to move toward the middle of the market in 2017. Shares of both the most expensive homes (luxury, $500,000) and the least expensive homes (multifamily, $150,000) have fallen this year, while construction of the middle segments (move-up homes, starter homes, and townhouses) has risen. What does this mean for design? For the most part, it has followed the movement toward the middle, with a few notable exceptions.
Whether you are a young person getting into the housing market early or a long-time renter looking to make the big leap to ownership, buying that first home marks a turning point in life. Both personally and financially, buying a home represents one of the largest decisions that a person has to make. Because of its magnitude, the choice to leap into real estate should not be made lightly. Here are 4 of the key questions that first time buyers should ask themselves before taking the plunge.
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Although some design fads are happily left in the past (I'm looking at you, pastel bathroom fixtures), others become popular and versatile enough to persist beyond their initial emergence. Now that we're more than half way through 2017, MSN asked design professionals to highlight the trends they've seen this year that they think have the best shot at sticking around into the future. Keep reading to see what they came up with!
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