Emmanuel Fonte | Music | Art | Leadership
If music be the food of love, play on. Emmanuel Fonte website is about music, art, real estate, architecture, design and decor. Occasionally, I talk about my other passion, hockey.
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The COVID-19 pandemic hampered home sales contracts in April, but that will likely mark the low point in pending home sales for the year, according to the National Association of REALTORS®’ latest housing report released on Thursday. April was the second consecutive month of declining pending home sales, as social distancing measures and widespread business closures mounted due to the igniting coronavirus outbreak. Every major region of the country saw a drop in month-over-month contract activity in April.
NAR’s Pending Home Sales Index—a forward-looking indicator of home sales based on contract signings—fell 21.8% in April. Contract signings were 33.8% down for the year. April’s decline also marked the greatest decrease in pending home sales since NAR began tracking such data in January 2001.
“With nearly all states under stay-at-home in April, it is no surprise to see the markedly reduced activity in signing contracts for home purchases,” says Lawrence Yun, NAR’s chief economist.
Yun expects April’s pending home sales to be the lowest point for the year, and the month of May to, therefore, be the lowest point for closed sales. He then predicts a rebound in the housing market in the summer months.
“While the coronavirus mitigation efforts have disrupted contract signings, the real estate industry is ‘hot’ in affordable price points with the wide prevalence of bidding wars for the limited inventory,” Yun says. “In the coming months, buying activity will rise as states reopen and more consumers feel comfortable about home buying in the midst of the social distancing measures.”
More reason behind housing’s optimism: Mortgage applications have been rising over the last few weeks, a gauge used to measure future home sales.
If you’re looking for a timeless color scheme that will keep your kitchen out of the trends and in style for the long term, then look no further than one of these nine classic color combinations.
When you work at home, even part time, you discover that a makeshift desk area on a kitchen counter or the dining table isn’t the best setup. Having a dedicated home office, even if it’s compact, makes a big difference in comfort and productivity. Once you’ve chosen a room or area for your home office, here are five must-haves to include in it.
There’s a new design challenge that goes along with today’s glass shower enclosure trend. Many people like to wipe down the glass walls with a squeegee right after a shower to keep the glass free of spots and streaks. But where do you keep the squeegee so it’s handy but not in the way? With thoughtful placement, a squeegee can serve as an attractive accent or be cleverly concealed from view. Here are seven ways designers are stylishly incorporating them into showers.
Shiplap is a popular material that provides a classic, timeless look. While white painted boards installed horizontally are most commonly seen, most of these stylish powder rooms show that shiplap can be featured in other ways too. Check out these 10 powder rooms that rock shiplap and let us know which one hits the right note for you.
Looking for fresh design ideas for your home? A smart way to start is by looking at designs that are popular on Houzz. And the following spaces feature just such designs. Each of these photos won a 2020 Best of Houzz Design award; the awards, which were announced this week, recognize designs that had the most user engagement, including saves to ideabooks, in 2019. While we can’t feature all of the award-winning designs — there are many around the world — we put together a few standout home design ideas from a handful of the U.S. award winners.
