New Home Sales in U.S. at Highest Level in a Decade

According to the Commerce Department, from August to September 2017, new home sales in the U.S. rose 19 percent, an annual rate of 667,000, which is the highest level since 2007. This number was boosted by a flurry of activity in the South after Hurricanes Irma and Harvey. New home sales were strong in other parts of the country as well, with the Midwest showing an increase of over 10 percent within the same time period. 

China’s Financial Reform Spurs Optimism for Real Estate

For the first time this year, China’s government has loosened its capital control by abolishing a rule to reserve 20 percent on forward sales of foreign exchange, and by also striking a requirement for banks to hold reserves against renminbi deposits. This will cause the RMB exchange rate to be more flexible, which is good news for Chinese consumers looking to invest in real estate abroad. It is projected that there will soon be 1.87 million high net worth individuals in China, many of whom are looking for property investments overseas.   

How’s the Market? – 4^th Quarter 2017

Sales of homes over $1 million and new construction homes continue to increase, while interest rates have remained consistent. Homes are selling more quickly this past quarter, spending an average of 76 days on the market in 2017 in comparison to the same time period in 2016. To read the entire latest report on how the market is doing, please click here.  

2018’s Sherwin-Williams Color of the Year

Oceanside, a rich, deep blue color, has been named the upcoming 2018 color of the year by paint company Sherwin-Williams. Oceanside brings together blue and greens to evoke a feeling of warmth and comfort. Exceptionally versatile, the color can be used in mid-century modern, traditional, contemporary and Mediterranean interior designs. To read more about the latest color trend, please click here.

Warm up Your Home with Fall Décor

As temperatures begin to drop, there are 20 decorative ways you can warm up your home this fall and winter. Faux fur blankets, fresh cut firewood, and sweater lined vases can add cozy aesthetic design, while metallics like brass, gold and copper can be festive and glamorous. Utilize wicker baskets as storage or DIY a welcome mat, and you will be all set for the season. To read all of HGTV’s suggestions, please click here.

Ceciel's Holiday Pop Up Shop in Evanston

We’re proud to host Ceciel’s Flowers Pop-Up Shop at our office, just in time for the Holidays! Ceciel’s Flowers has been beautifying homes and creating floral designs for special occasions for over 15 years in Chicago and the North Shore. Now she is bringing her elegant floral design right to you!

On November 10th and 11th, from 10 am to 6 pm in our Evanston office located at 2110 Central Street, handmade wreaths will be ready for purchase and Holiday tablescapes will be on display. You can pre-order custom wreaths and centerpieces with Ceciel@cecielsflowers.com or call us for more details and delivery options. See you at the Pop-Up Shop! 

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