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

Ask the Architect: What Are the Most Popular Home Design Trends?

September 28, 2015 1:30 am

According to a recent survey by the American Institute of Architects (AIA), home design trends favor automation and outdoor living – and don’t count on that changing any time soon.

“With the tremendous interest in well-designed outdoor living spaces, it’s a pretty strong indication that the days when houses were viewed as a way to flip for a big profit are long gone,” says AIA Chief Economist Kermit Baker, PhD, Hon. AIA. “Signifying a renewed interest in practicality and use, demand for mud rooms and dedicated guest rooms are also quite high.”

In addition to those features, homeowners are seeking to upgrade their homes with first-floor master bedrooms, home offices and fitness rooms, the AIA reports. On the automation side, architects say smart thermostats, backup power generators, electrical car docking stations, central audio mechanisms, air purifiers and security systems top homeowner wish lists.

“Automation is on its way to becoming standard functionality within homes,a s there are systems available to regulate temperature, lighting, home audio and energy usage,” adds Baker.

Source: AIA

Published with permission from RISMedia.


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Mortgage Rates Land at 4-Month Low

September 25, 2015 1:24 am

Bankrate.com reports the 30-year fixed mortgage rate has retreated to 4.00 percent, the lowest level since late spring, with an average of 0.26 discount and origination points. At the current rate, the monthly payment on a $200,000 loan would be $954.83.

The 15-year fixed mortgage rate also fell, decreasing to 3.18 percent, along with the larger jumbo 30-year fixed mortgage rate, which dropped to 3.89 percent. Adjustable-rate mortgages (ARM) were also on the downswing – the five-year ARM slid to 3.19 percent, and the seven-year ARM sunk to 3.38 percent.

According to Bankrate.com, mortgage rates were the beneficiaries of increased jitters about the health of the global economy following the Federal Open Market Committee’s latest meeting. When the Fed opted not to initiate interest rate hikes, it sparked uneasiness in financial markets; nervous investors typically flock to safe-haven U.S. government bonds, to which mortgage rates are closely related.

Source: Bankrate.com

Published with permission from RISMedia.


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