6 Paint Color Trends That Will Be Everywhere in 2023

 
 

Deciding on paint colors for your home can be overwhelming, especially if you’re looking to appeal to potential homebuyers.

You may love a bright purple guest bathroom, but such a bold shade might not make the best first impression.

We’ve all heard the boilerplate advice that home sellers should stick to bright white when choosing a paint color. It presents a neutral canvas for buyers to imagine their life in your home. But here’s the thing: There are many sophisticated—and trending—paint colors that can easily elevate any room and make buyers swoon.

If you’re looking to give your walls a fresh coat of paint in the new year, take a look at these expert-approved paint trends for 2023 that may also help you sell your home. From warming neutrals to navy blues, you might just meet your color match.

 
 

1. Warm green tones

If you’re someone who likes to incorporate color into your home, warm greens can get the job done while also adding character.

“Warm greens are welcoming colors that feel rich yet vibrant,” says Gena Kirk, vice president of Corporate Design Studio, at KB Home.

Kirk suggests choosing a green shade, such as Evergreens by Sherwin-Williams, to help create cozy areas that can be enhanced with lighting.

“We have seen an increased interest in greens in kitchen spaces as people look to move away from solid white and gray spaces,” Kirk says.

 
 

2. Neutrals

Neutral shades, which appeal to many, will remain a popular option for home sellers and owners in 2023.

It’s true that neutrals never go out of style, and warm neutrals are especially big right now. Instead of stark whites, people are opting for more creamy, earthy neutral tones.

“They provide a foundation that you can layer on, change seasonally, and update periodically,” says Kirk. “That blank canvas provides a backdrop for homebuyers to envision their own version of the space and how special mementos, heirlooms, and art might make it their own.”

Neutral walls are also easy for homebuyers to change.

If you’re looking for a go-to white, Kirk suggests Natural Linen by Sherwin-Williams. The darker Foothills by Sherwin-Williams works well for those looking to ease into a more colorful space.

 
 

3. Inventive gray hues

Gray shades will remain an approachable and popular paint option in 2023, says Devin Shaffer, lead interior designer at Decorilla.

“Clients have been bored with the shortlist of grays that builders and paint specialists default to,” says Shaffer. “Fortunately, more inventive hues continue to pop up.”

One such color is Rustic Greige by Dutch Boy, the paint company’s 2023 Color of the Year. Shaffer points out that this color has both true warm neutral undertones and cooler tones.

“This color is perfect for living spaces, entryways, and bedrooms,” says Shaffer. When used in an entryway, it can help set a welcoming tone. If used in the bedroom, it can evoke feelings of rest and repose.

“A large portion of our clients mention the words ‘sanctuary’ or ‘retreat’ when describing how they want their homes to feel,” says Shaffer.

Nature-inspired gray shades can help achieve this.

 
 

4. Navy blues

Try out navy blue paint if you’re looking to make a statement but don’t want to go too outside the box.

“Navy blue has been steadily increasing in popularity over the past few years and is expected to be a major color trend in 2023,” says Alex Capozzolo, co-founder of SD House Guys in San Diego.

Capozzolo explains that navy blue helps add depth, sophistication, and mystery to any room it’s used in. This can be appealing to potential homebuyers.

“Try using it as an accent wall, or pair it with lighter shades of blue for a more subtle effect,” says Capozzolo.

5. Understated reds

Carlin van Noppen, a professional interior designer and the owner of Fig Linens and Home in Westport, CT, shares that soft reds are making a massive comeback this year.

“Soft, understated reds add a splash of color while retaining the neutral feel of exposed brick,” van Noppen says. “This means that prospective buyers will be impressed with the put-together look of your space and be able to imagine themselves in it.”

If you’re looking for an inviting red tone for your space, give Boston Brick by Benjamin Moore a try. Known for its “versatile undertones and understated grandeur,” Boston Brick is one of Benjamin Moore’s bestselling colors.

 
 

6. Mustard yellows

Warm mustard-yellow tones add color to a room without feeling overpowering.

“Easy-to-work-with mustard tones can find their way into your home naturally,” says Robin DeCapua, owner and designer at Madison Modern Home, a home staging company based in Los Angeles.

DeCapua suggests Wild Wonder, a neutral Dijon yellow by Dulux, if you’re looking for a versatile yellow tone. Wild Wonder also happens to be the paint company’s 2023 Color of the Year.

“Keep in mind that darker walls dictate lighter furniture, so be sure to mix creamy whites with this color—not gray—as it truly has a warm base,” DeCapua notes.

Find more New Year trends on Realtor.com

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5 Reasons This Isn’t a Repeat of the 2008 Housing Crash

 
 

NAR Chief Economist Lawrence Yun draws the distinctions between today’s real estate market and that of more than a decade ago.

Many homeowners are still haunted by the 2008 housing crash when property values collapsed and foreclosures spiked. The memory of sudden catastrophe at a time when the real estate market had been riding high may help explain why 41% of Americans say they now fear a housing crash in the next year, according to a new survey from LendingTree.

Are their fears well-founded?

“It’s a valid question,” Lawrence Yun, chief economist for the National Association of REALTORS®, said Tuesday at NAR’s Real Estate Forecast Summit. “People are remembering the crushing and painful foreclosure crisis. So, it has become a key question: Will home prices crash after the strong run-up in prices across the country over recent years?”

At the virtual conference, where leading housing economists offered their 2023 forecast for the real estate market, Yun offered assurance that current dynamics are nothing like during the Great Recession. He pointed to several key indicators of how this market differs.

The labor market remains strong. In the last major housing downturn, there were 8 million job losses in a single year. Now there are virtually none. Though layoffs in the technology and mortgage industries are occurring, they haven’t accumulated enough to form a net job loss, Yun noted. A strong job market bodes well for housing’s future.

Less risky loans. Yun also noted the subprime loans that were prevalent during the 2008 housing bust are basically nonexistent today.

Underbuilding and inventory shortages. New-home construction prior to the 2008 crash was amounting to 7.65 million units annually. Today, it’s 4.6 million. Yun points to “a massive housing shortage” from a decade of underproduction in the housing market.

Delinquency lows. About 10% of all mortgage borrowers were delinquent on their loans in the previous housing bust. The mortgage delinquency rate is now at 3.6%, holding at historical lows, Yun said.

Ultra-low foreclosure rates. Homes in foreclosure reached a rate of 4.6% during the last housing crash as homeowners who saw their property values plunge walked away from their loans. Today, the percentage of homes in foreclosure is 0.6%—also at historical lows, Yun said. He predicted foreclosures to remain at historical lows in 2023.

Overall, the fundamentals don’t point to a housing market that is operating similarly to the 2008 cycle, Yun said. While home sales are slowing, prices remain up nearly 6% as of October sales numbers compared to a year ago. Also, inventory remains low, which will keep home prices elevated, Yun said. “The chance of a price crash is very small due to the lack of supply.”

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As Featured in West + Main Home Magazine: The Seamless Transition of Bringing the Outdoors, in

For Colorado-based instagram influencer JJ Yosh (@jjyosh), home is where he spends most of his time, entertaining, working and playing!

From personal endeavors to nurturing his insta-famous cat’s popular career, (make sure to follow his adventures at @simon- theadventurecat!) JJ has intentionally crafted and curated a perfectly insta-worthy lifestyle – in a unique living space that seamlessly incorporates the stunning outdoors with the rock-surrounded interior in his breathtaking mountain home.

JJ bought this property a few years ago in the foothills of Boulder, Colorado with the help of his cousin, West + Main agent Melanie Erdmann. He has since transformed the house, which was already unique because of its position built into the side of a huge rock! The process is still ongoing, but he ultimately hopes to have an amazing space which both supports his sponsored work as well as both living and play areas.

When you walk into this breath-taking home it immediately feels serene. There is a babbling water feature in the entryway with fog smoking off of it, creating an illusion of a deep forest, built into the boulder that the entire house is built against. As you make your way through the house, everything is done with care. No part of nature was interrupted, but rather the house was adapted to the natural environment.

A winding staircase creates a division between the various living areas, bedrooms and stories, with countless variations of plants meandering through the corridor, making the entire home feel earthy and fresh.

The real show-stopper of the main living oasis is the sitting area which boasts floor-to-ceiling windows and gives the impression you are in a magnificent tree house overlooking the green trees and rolling hills beyond. It seamlessly flows from indoor to outdoor, creating a sense of peace with nature. The modern pieces of furniture add a beautiful touch, but the main character of this space is the wildlife beyond the windows that are showcased throughout the home.

A long wrapping bar is perched next to the seating area and grounds the space with a finish which was commissioned to look like dinosaur-skin: creating a latte while looking out to the stunning rock formations has never been more enjoyable.

Downstairs, the spaces come to life even more. JJ has created a “grotto” space that will feature a water feature bubbling over, and is growing plants that you would think couldn’t survive in Colorado. He is growing different varieties of fruits and is able to do so because of the climate he’s created. It’s warm and humid, mimicking a tropical location.

One of our fave social celebs to follow, we can't wait to see what JJ does with the rest of the renovations, and we're excited to follow him and the Backpacking Kitty on their next adventure!

Follow JJ and Simon the Cat!

JJ Yosh

Backpacking Kitty

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How Are Appraised Value and Assessed Value Different?

 
 

You might be wondering what the assessed value of your home is, but what about the appraised value? Though you might think that these are the same, this isn’t the case.

The assessed value is more about what a community needs to collect for taxes, whereas the appraised value is an expert and more accurate valuation. Tax assessments in real estate are very different from fair market value.

We will look at the differences between the appraised and assessed home value to avoid real estate mistakes.

When buying or selling a home it is crucial to understand the differences in these valuations. Your house might not sell if you base the price on improper measures. The same can be said when you buy a home.

What is Your Home Worth?
The value of your home can be judged through a few different methods, including finding the fair market value, the assessed value and the appraisal value.

The fair market value is the amount the home should sell for if listed in current market conditions. It shows the likely amount of money you will receive when selling and gives you an idea of the price range you can look for when searching for a new home. Property taxes are based on the value as well.

What is the Assessed Value?
The assessed value provides a yearly estimation of the worth of your home. This is for the purposes of taxation and will be completed by a government tax assessor.

Maximum Real Estate Exposure has an excellent resource worth reviewing that we have included above. It's a comprehensive guide on everything to know about assessed values.

How the Tax Assessed Value Works
To determine how much you will have to pay in property taxes, your local tax authority will assess the value of your home. They use professional assessors to check the property data and possibly visit the home to find the assessed value.

There are several ways to find this valuation. The assessor will look at historical sales data, inspection reports and comparative market analysis. The appraised value might also be considered, along with any improvements that have been made recently. Through these methods, they should find a fair assessment of the value.

Assessed values for tax purposes can also vary from state to state. For example, some states will update assessments more frequently than others. The frequency of assessed values in Massachusetts could be different than in Texas or California.

An assessor can give the home a lower or higher value than an appraiser will. Assessments should never be relied upon as being your home's actual value.

Here is how to find a property's tax assessment.

What is the Appraised Value?
A professional appraiser will give their estimation of the property’s value, which should offer an accurate sales price under present market conditions.

This appraisal is their opinion of the fair market value of the home, however, another appraiser could come to a different valuation.

How the Appraisal Works
Lenders require a home appraisal to make sure the value of the home meets the amount they are loaning. The appraiser will inspect the property and check comparable home sales in the same area. With this information, they will create an appraisal report.

The features of the home, the square footage, the number of rooms and more, will be used by the appraiser to compare it to other sold homes.

The condition of the home will also factor into the comparison to comparables. The appraisal report will mention things the appraiser noticed about the home, and show the calculations used to find the value.

There are numerous things that impact home values both positively and negatively. It's essential for buyers and sellers to know these items.

A home appraisal is similar to how a real estate agent calculates market value. Real Estate agents will complete a comparative market analysis that also looks at the same factors an appraiser does.

One of the benefits of working with an exceptional Realtor is proper home pricing.

How Does an Appraisal and an Assessment Affect the Value?
The appraisal and tax assessment can make a difference to the price a home sells for. If the assessment is high, the owner will have to pay more in property taxes, something that could be a consideration for buyers.

The appraisal is important because if it is lower than the amount you have offered for a home, you might have to find the difference out of pocket. Even if the appraisal is higher than the offer, the seller could ask you to pay more.

Disputing Appraisal and Assessment Results
If the home doesn’t appraise, or if the tax assessment is high, you can dispute these findings.

Disputing a tax assessment
If you contact your local tax office, you can appeal their assessment. You will need to provide records of transactions and details of comparable home sales to prove your claim.

Disputing an appraisal
If you believe the appraisal is wrong, you can approach the appraiser with evidence of a problem. They might not listen to your claims, however.

A second appraisal can be sought, but this is a cost you will have to bear. You will have to approach your lender with this request, and they might decide the initial appraisal is good enough. Even if they approve another appraisal, there’s no guarantee that the result will go your way.

Final Thoughts
The tax-assessed value indicates the taxes that will be due, and the appraisal is a value often used when buying a home. These values will change and aren’t necessarily related to each other.

If you are buying a home, researching sold prices of recent sales or asking for a comparable market analysis from your real estate agent is vital.

Having a good understanding of house prices will help you avoid bidding more than you should on your next home.

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What Is a Gingerbread-Style House? It’s Not Quite the Holiday Confection You’re Thinking Of

 
 

An iced cottage topped with gumdrops and peppermint candies is likely your first thought when you hear someone mention a gingerbread house.

But a gingerbread-style home is also a beautiful architectural style with deep historic roots. You’ll know a gingerbread house when you spy one, notes Beverly Solomon of the eponymous design firm.

“They’re the epitome of cute—I like to refer to these homes as ‘architectural lace,'” she says.

For more on this over-the-top home style, including the history, where you’ll find them, and what it’s like to live in and maintain a gingerbread-style home, read on.

The history of gingerbread homes

Gingerbread-style homes grew in popularity during the Victorian era of architecture in this country, which spanned the late 1830s up until 1900. And it was these homes that were often decorated with delicate ornamentation common to the era’s design.

“The Victorian period in the U.S. was a time of great expansion of wealth, innovation, and an emerging middle class,” explains Solomon. “And this meant that average people wanted their homes to have those extra frills, just like their clothes, which had the same touches to indicate they were moving up in the world.”

But the gingerbread style can also trace its history to Haiti. Architects from this island nation traveled to Paris and then brought home the bold color combinations and decorative scrollwork to use on local residences and municipal buildings.

Key features of a gingerbread home

A gingerbread home isn’t its own style in the way Edwardian and Craftsman styles houses are. Instead, the hallmarks of the gingerbread style—think fancy millwork, scroll designs, steeply pitched rooflines, and lacelike cutouts and patterns—are most often seen grafted onto other architectural styles, notably Victorian-era homes.

Gingerbread houses are also known for their unusual paint shades (think teal, maroon, mustard yellow, and bright white) that were used to highlight the eaves and arches that line the rooftops, porches, and windows.

“A gingerbread-style home is truly special,” says Lacey Power, an associate broker with Premier Sotheby’s International Realty in Asheville, NC. “It’s not a standard cookie-cutter house, but one that evokes a magical emotion and whimsical flare.”

Read more on Realtor.com

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