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Between 1987 and 1999, which is often referred to as the ‘Pre-Bubble Period,’ home prices grew at an average of 3.6% according to the Home Price Expectation Survey.
Every month, the economists at CoreLogic release the results of their Home Price Insights Report,which includes the actual year-over-year change in prices across the country and their predictions for the following year.
The chart below shows the forecasted year-over-year prices for 2018 (predictions made in 2017). According to their predictions, the average appreciation over the course of 2018 should be 4.8%, which is still greater than the ‘normal’ appreciation of 3.6%.
If we layer in the actual price appreciation that has occurred this year, we can see that over the course of 2018, home prices have appreciated by an average of 6.9% and have outpaced projections all year!
What does this mean?
The tale of today’s real estate market is one of low inventory, high demand, and rising prices. The forces at work can be simply explained with the theory of supply and demand. That being said, if a large supply of inventory were to come to the market, prices may start to appreciate closer to the forecasted rate which would STILL be greater than the historic norm!
If you are a homeowner whose house no longer meets your needs, now may be a great time to list your home and capitalize on the equity you have gained over the last year to make a significant down payment on your next home!
430 Pond Street, Uxbridge, MA 01569
430 Pond Street, Uxbridge, MA 01569
When you have a small bedroom, it’s hard to envision bringing many styles to the space. You have what’s necessary for your room, trying to cram everything in one tiny space. Just remember one key point: Every room needs a focal point. This means that your bed will most likely be that eye-catching spot in the room. Namely, the head of the bed will be what catches your eye. Below, you’ll find some more tips to make the most use of your small bedroom.
While it can be tempting to try and cram things into a small room, making the most use of every inch of space possible, you want to actually do the opposite. This means placing beds against the walls or near a window, buying a smaller sized bed, and finding furniture that’s not overwhelming. Other tricks are to eliminate the headboard and footboard or use more see-through options for the furnishings.
Keep It Bold And Unique
Just because you have a small bedroom doesn’t mean that the space needs to be bland. Don’t be afraid to either make the room bold with color or rich with texture. Choose your color palette wisely. Don’t be afraid to express yourself or whoever the resident of the room is. Is the small bedroom a nursery? Keep it light and fun. Don’t make the room too stuffy. If the bedroom belongs to a sports fan, hang lots of favorite sports memorabilia photos. Often, if a room has a lot of expression, it distracts from the small size of the space. The idea is to make your bedroom special, no matter what size it is.
Everything Is Potential Storage
In a small bedroom, storage can be a problem. There’s many creative solutions to solve this space dilemma. You can put the bed up on blocks for more under bed storage. Use a storage chest as a bedside table. This will help you to have the furnishings you need, yet they will double as storage units.
Combat A Low Ceiling
The brighter a room, the less attraction will be drawn to a low ceiling. Slanted ceilings are often a problem in smaller bedrooms, but bright colors can combat the closed in feeling and leave the bedroom feeling more open.
When shopping for furniture for your small bedroom, try to find pieces with rounded corners. This will help keep your limited walkway space in the room clear, as it takes up less space than traditional angled corners. You can really add character to a room using rounded nightstands, ottomans, and more accents.