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Chris Nooney August 8, 2018

Home Trends Includes Natural Mindfulness Designs

Home Trends Includes Natural Mindfulness DesignsUrban and suburban life offers wonderful conveniences and cultural benefits. But a downside that many families are experiencing is the pervasive use of electronics and disconnectedness from nature.

These lifestyle deficiencies have increased the popularity of yoga and meditation and the practice of mindfulness is topping the covers of national magazines. Everyday mothers and fathers are also working hard to engage their children in outdoor activities and nature. These things require an ongoing effort on top of already packed schedules. That’s why mindful home designs that bring nature into your living space have been trending.

Origins Of Mindful Home Design

There are plenty of home fads that come and go. Some may remember the intense oranges of the 1970s or tiles that covered over lush hardwood floors. Yikes.

One of the founders of the nature-infused home movement was America’s beloved architect Frank Lloyd Wright. His acclaimed Fallingwater marvel was built in 1935 directly on top of a waterfall. The design incorporated natural stone and timber in a way that brought the outdoors living experience into the home. The southwest Pennsylvania wonder forms the basis for the recent trend to incorporate natural elements into living spaces.

The idea that connectedness to nature improves mindfulness has been supported by a wealth of research. The Japanese use “forest bathing” as a way to feed the mind and spirit. The basic idea goes hand in hand with Wright’s architectural thinking that human senses benefit from a direct and discernable connection to nature.

Studies have shown that patients recovering from illness or surgery demonstrate marked health improvement through natural immersion. But the practical question is: how does this trend benefit everyday homeowners?

Natural Homes Improve Mindfulness

It’s not practical to bring an entire forest into your home. But creating semi open-air spaces go a long way to enhancing an outdoor feeling.

Many homes are including semi-enclosed spaces constructed from natural timbers, stone flooring and rich plant life that emulate the positive effects nature has on the human psyche. Although subtle, they help reduce the nature deficiency experienced by many tech-oriented adults and children.  

By working with materials that further the experiences of nature’s sights, sounds, touches, smells and even tastes in some cases, living environments are bringing a touch of the natural world home.

When considering a remodeling project or new construction, consider looking at the ideas of Frank Lloyd Wright’s Fallingwater project and contemporary home designers about infusing nature into your everyday life.

When you have decided what you want, the next step is to secure your financing. Contact your trusted mortgage professional to help you find the best options for you. 

Filed Under: Real Estate Tagged With: Mindfulness, Nature, Real Estate Trends

Chris Nooney August 7, 2018

4 Tips For Downsizing To A Smaller Home

4 Tips For Downsizing To A Smaller HomeYou can make the most of a small home with smart design strategies and careful planning.

Maybe your youngest has finally gone away to college, and you have much more space than you really need. Or perhaps you want to minimize your lifestyle and shrink your carbon footprint.

Whatever your reason for downsizing, you can rest assured that moving into a smaller home will not cramp your style. Making a more modest space work doesn’t have to be difficult. These tips can help you make the transition with ease.

Identify Your Needs

Before you start organizing things for the move, identify your needs. Think about your lifestyle and what things you will need to support your lifestyle. Be aware of what resources you will absolutely need moving forward.

If you have a lot of pictures and other sentimental items, consider ways to preserve these things for your children or grandkids. Maybe you can scan and upload old photographs to a shared online family photo album.

Get Rid Of Rarely Used Items

It can be challenging to get rid of things — even if you don’t use them often. However, change is good. Downsizing your belongings can also simplify your life. If you have items that still have a lot of life left in them, you might try giving them to family members, charities or friends. Finding a good home for your things can make it easier to part with them. You could also try to sell items that are valuable.

Choose Smart Storage Solutions

Having less square footage doesn’t mean that you have to get rid of everything you own. You just have to be smart about how you organize your space. There are many storage solutions that can help you make the most of a small area. Maybe mount your television to the wall to enhance your floor space. Use storage ottomans for combination seating and storage. Built-in cabinets are also great storage solutions for tiny rooms.

Take Measurements

Before you move furniture and other larger items, measure the space to make sure that they will fit. Also, measure how much cabinet and closet space you will have available for use. You can use these measurements as a guide before moving anything to your new home. This simple step will save you the hassle of having to later get rid of items that you have already moved over.

To help with your transition, be sure to contact your trusted mortgage professional to get your pre-approval and financing in order as soon as possible.

Filed Under: Real Estate Tagged With: Downsize, Real Estate, Storage Solutions

Chris Nooney August 6, 2018

What’s Ahead For Mortgage Rates This Week – August 6th, 2018

What’s Ahead For Mortgage Rates This Week – August 6th, 2018Last week’s economic reports included readings from Case-Shiller, Commerce Department reports on pending home sales and construction spending and an FOMC statement. Labor sector reports on job creation and the national unemployment rate were released along with the monthly Consumer Confidence Index. Weekly reports on mortgage rates and first-time jobless claims were also released.

Case-Shiller: Home Price Growth Holds Steady in May

Home price analysts Case-Shiller reported national home prices rose 0.40 percent in May and were 6.40 percent higher year-over-year. Case-Shiller’s 20-City Home Price Index was 0.20 percent higher in May and 6.50 percent higher year-over-year. Only seven cities reported home price growth in May, but home prices were higher than gains reported in April.

Home price gains were highest in in Seattle, Washington with a seasonally-adjusted year-over-year gain of 13.60 percent: Las Vegas, Nevada; reported seasonally-adjusted home price growth of 12.60 percent. San Francisco, California reported a seasonally-adjusted annual home price growth of 10.90 percent. Analysts said that home price growth may be slowing, but it grew faster than wages and inflation, which continued to present challenges for first-time and moderate-income hone buyers.

Pending home Sales Grow as Construction Spending Dips

The National Association of Realtors® reported an index reading of 106.9, which was 2.50 percent lower than in May. June was the sixth consecutive month that year-over-year pending sales were lower than in the preceding year-over-year period. Pending home sales increased by 0.90 percent in June as compared to a negative reading of -0.50 percent in May.

Construction spending fell by 1.10 percent in June as compared to 1.30 percent growth in May. Analysts expected construction spending to rise by 0.90 percent in June. Home builders continued to face headwinds such as rising materials costs, labor shortages and slim supplies of buildable lots.

Mortgage Rates, Jobless Claims Rise

The Federal Open Market Committee of the Federal Reserve announced its decision not to raise the federal funds rate, which held steady at a range of 1.75 – 2.00 percent. This news did not stop average mortgage rates from moving up. The average rate for a 30-year fixed rate mortgage rose six basis points to 4.60 percent; the average rate for a 15-year fixed rate mortgage also rose six basis points to 4.08 percent. Rates for 5/1 adjustable rate mortgages also rose six basis points and averaged3.93 percent.

Weekly jobless claims rose to 218,000 new claims and fell short of analyst expectations of 220,000 new claims filed, which was based on the prior week’s reading of 217,000 new claims.

Unemployment rate Falls Below 4 Percent

July’s National Unemployment Rate dipped to 3.90 percent and matched analyst expectations. In May, unemployment reached 4.00 percent.

Jobs grew in July with ADP posting 219,000 new private-sector jobs and the Commerce Department reported 157,000 new public and private sector jobs added in July. Analysts expected 195,000 new jobs to be added to Non-Farm Payrolls based on 248,000 mew jobs added in June.

The University of Michigan reported that its Consumer Confidence Index gained 0.30 points for an index reading of 127.40 percent.

What‘s Ahead

This week’s scheduled economic reports include readings on consumer expectations, July job openings, inflation and weekly reports on mortgage rates and new jobless claims.

Filed Under: Financial Reports Tagged With: Financial Reports, Interest Rates, Mortgage Rates

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Christopher James Nooney (NMLS ID # 179371 (www.nmlsconsumeraccess.org) TX:179371) Roger G Ryman Jr. (NMLS ID # 180704 TX:180704) Michele Domenico Zugheri (NMLS ID # 179379 TX:179379) are agents of Draper and Kramer Mortgage Corp. (NMLS:2551) an Illinois Residential Mortgage Licensee located at 1431 Opus Place, Suite 200, Downers Grove, IL 60515, 630-376-2100. TX: Draper and Kramer Mortgage Corp. NMLS ID 2551.

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