RE/MAX 440
John F. O'Hara

John F. O'Hara
731 W Skippack Pike  Blue Bell  PA 19422
Phone:  610-277-4060
Office:  215-643-3200
Cell:  267-481-1786
Fax:  267-354-6973

My Blog

By Design: Expect Artisan, Art Deco in 2016

December 18, 2015 2:00 am

Interior design evolves as seasons change, and with each new year, fresh trends replace dated fads. What new trends can we expect in 2016?

“Say goodbye to mason jars and chalkboard paint, as the overdone 'farmhouse chic' is finally headed out of style,” says Kerrie Kelly, home design expert, Zillow Digs®. “2016 will bring a fresh modern vibe that beautifully mixes simplicity with bold accents reminiscent of the Roaring Twenties. Watch for an increase in natural colors and textures contrasted by retro art deco statement pieces."

Citing a recent Zillow Digs forecast, Kelly says the mason jar trend, used everywhere from weddings to restaurants, is exhausted, and chalkboard paint is impractical for most households. Kelly also retires burlap details, which are too harsh for indoor use.

Art deco-inspired patterns and shapes will instead take center stage, with a few modern improvements. Look for the style’s trademark geometric patterns and honeycomb shapes in anything from wallpaper to artwork, says Kelly, as well as gold statement lighting fixtures in kitchens and dining rooms.

Nubby wool and other natural fibers will be the go-to texture in 2016, Kelly adds, especially for area rugs, in addition to encaustic tiles utilized in kitchen backsplashes, bathroom shower tiles, accent walls and fireplace mantles.

Flea market finds, travel souvenirs and unique artisan pieces will also make an appearance in 2016, says Kelly. Look for a rise in partnerships between big-box stores and global artisans to accommodate the increased demand for one-of-a-kind or handmade items. 

Source: Zillow Digs®

Published with permission from RISMedia.


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Mortgage Rates Move after Fed Hike

December 18, 2015 2:00 am

Fixed mortgage rates are ticking slightly higher in response to the Federal Reserve’s decision to raise short-term interest rates, but they will remain at historically low levels for some time to come, according to Freddie Mac’s recent Primary Mortgage Market Survey® (PMMS®).

“As was almost-universally expected, the Federal Open Market Committee (FOMC) of the Federal Reserve elected this week to raise short-term interest rates for the first time since 2006,” explains Sean Becketti, Freddie Mac’s chief economist. “We take the Fed at its word that monetary tightening in 2016 will be gradual, and we expect only a modest increase in longer-term rates. Mortgage rates will tick higher but remain at historically low levels in 2016. Home sales will remain strong, but refinance activity should cool somewhat.”

According to Freddie Mac’s survey, the average 30-year fixed-rate mortgage (FRM) stands at 3.97 percent with an average 0.6 point; the 15-year FRM averages 3.22 percent with an average 0.5 point. The 5-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) averages 3.03 percent, with an average 0.4 point, and the 1-year Treasury-indexed ARM averages 2.67 percent with an average 0.2 point.

Source: Freddie Mac

Published with permission from RISMedia.


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