AUGUST REAL ESTATE NEWS: THE TRUTH ABOUT WHERE HOME PRICES ARE HEADING

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There are plenty of headlines these days calling for a housing market crash. But the truth is, they’re not telling the full story. Here’s what’s actually happening, and what the experts project for home prices over the next 5 years. And spoiler alert – it’s not a crash. Yes, in some local markets, prices are flattening or even dipping slightly this year as more homes hit the market. That’s normal with rising inventory. But the bigger picture is what really matters, and it’s far less dramatic than what the doom-and-gloom headlines suggest. Here’s why. Over 100 leading housing market experts were surveyed in the latest Home Price Expectations Survey (HPES) from Fannie Mae . Their collective forecast shows prices are projected to keep rising over the next 5 years, just at a slower, healthier pace than what we’ve seen more recently. And that kind of steady, sustainable growth should be one factor to help ease your fears about the years ahead (see graph below) : And if you take a look at ...
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Summer House Backyard Retreat

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1. Add architectural interest to the exterior.
"It's important to take design cues from the main house," says Norman. Keep elements consistent with your home and its surrounding features.
2. Use an unexpected material on the floor.
Marble is used for outdoor fountains and planters, so why not a covered-porch floor? A graphic black-and-white check is striking and sophisticated.
3. Bring the comfort of the indoors outside.
"Outdoor rooms can be just as stylish as indoor rooms," says Craig. Give your covered porch the feel of a true living room with upholstered furniture. Choose woods that hold up to the elements, such as teak and mahogany, and use outdoor-grade batting and foam.
4. Get bold with a signature color.
You can never go wrong with lots of white on a porch, but add punch with accents of a strong color. A coat of marine varnish over brightly painted furniture increases its durability.
5. Pay attention to the details.
Trims such as box-pleated grosgrain, gimp, and fringe upgrade plain outdoor pillows to star status.
Get the Look:
Lantern | Nantucket Lantern (9130 3c), $875; solaria-home.com
Bench | Chippendale Garden Bench in Dark Red (46931), $299; grandinroad.com
Ottoman fabric | Bolton in Putty (W8452); thibautdesign.com
Furniture paint | Mai Tai (RLIB228); ralphlaurenhome.com
Stool | Diamond-Pattern Stool (W5398), $275; wisteria.com
Mirror | Observatory Mirror in White, $299; potterybarn.com
Architect: Norman Askins, Norman Davenport Askins Architect, Atlanta; normanaskins.com or 404/233-6565. Builder: Rex Friedlein, Pupshire Builders, Atlanta; 404/876-1598. Interior designer: Craig Duncan, C.W. Duncan Designs, Atlanta; cwduncan@gmail.com or 404/374-1641. Hanging lantern: Boxwoods Gardens & Gifts Inc., Atlanta; boxwoodsonline.com. Bergère chairs: custom by C.W. Duncan Designs, Atlanta; cwduncan@gmail.com or 404/374-1641. Pillow trims: Lewis & Sheron Textiles; lsfabrics.com. Stool: Drum Garden Stool in White (1254WT) by Emissary (emissaryusa.com), available through decor-decor.com. Side table paint: Hearty Orange (SW 6622); sherwin-williams.com. Table lamps: custom-made from antique ginger jars, available through Lamp Arts, Inc., Atlanta; lampartsinc.com.
Original Article via Southern Living

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