6 Plants That Definitely Belong in Your Bedroom

 
 

Houseplants can be great for mental health — in fact, studies have shown that having plants and flowers in your space can ease pain and anxiety.

But whether or not they belong in the bedroom remains a matter of debate. Many feng shui practitioners say their vibrant energy is all wrong for a restful space, while some landscaping experts say plants in the bedroom can actually be soothing and sleep-inducing.

If you do put plants in your bedroom, you just need to choose the right ones and make sure they get the TLC they need. “All plants need sunlight, good airflow, water, etc., no matter where it lives,” says Lisa Griffin, the greenhouse horticulturist at Filoli, a historic house and gardens in California. “Choosing the right place for your plant should be based on its light requirements,” adds author Sarah Gerrard-Jones, known as The Plant Rescuer on Instagram.

So if you want to breathe new life and color into your sleeping quarters but aren’t sure where to start, here are six plants that experts say will make beautiful additions to your bedroom. 

Snake Plant

 
 

The snake plant is a welcome addition to the bedroom, especially if you have more intense light coming in through your windows. This durable plant holds up well to brighter light conditions and comes in a variety of heights, colors, and leaf shapes, says Griffin. She often adds snake plants near west-facing windows, where they’ll thrive on sunny afternoons, although she refrains from putting them directly in the beam of light, which could harm the plant. Snake plants also reproduce and can be split up into other pots if your plant starts to outgrow your windowsill.

Pink Pinstripe

When you need a bit of encouragement to drift off to sleep, take a cue from pink pinstripe, which is also known as calathea. “This plant signals that it’s time for bed as it folds its leaves upward,” says Debbie Neese, a horticulture expert at Lively Root. “It shows off under the pinstriped leaf to reveal a purple underside, which is like having two plants in one.” Calatheas are also an easy plant to take care of, as they love medium light and prefer to be on a pebble tray to encourage humidity as water evaporates, which keeps the leaves from turning brown.

ZZ Plant

 
 

If you’re looking for an appropriate bedside companion, try the wonderfully low-maintenance ZZ plant. Although the acronym comes from its scientific name, Zamioculcas zamiifolia, its nickname makes it a perfect match for your bedroom. ZZ plants are also great for first-time plant owners as they will flourish with little care. “They thrive in about any light you put them in and don’t need a lot of attention, either,” says Neese.

Gerrard-Jones recommends finding the dark cultivar of the ZZ plant. “The new growth is particularly striking due to its lime green appearance, which makes a dramatic contrast to the almost-black mature leaves,” she says. In addition, the darker plant with pops of lime green can be a beautiful accent to a bedroom color palette. 

Peace Lily

Peace lilies are a popular plant as their name evokes a sense of calm and rest. You can choose several species for your bedroom, such as the domino, which has variegated leaves. Griffin enjoys utilizing them both at her home and office. “Peace lily is my favorite plant for poor growing conditions,” she says. “They come in various sizes and a few different leaf colors.” For open spaces, she tends to use the traditional larger form, and for narrow areas, she says medium and small cultivars are best.

Philodendron

 
 

When plant experts weighed in, one plant was mentioned repeatedly: the philodendron, which has more than 450 varieties. The imperial green has wide leaves, creating a lot of surface area. “Its large, deep green leaves are adept at harnessing light, making it a good choice for an area with lower light,” Gerrard-Jones says. Just be sure you give this philodendron ample room as it grows, she says, as it can get big.

Have a ledge or shelf for a trailing plant? The velvet leaf and sweetheart vine philodendrons are lovely to hang in front of a window or place on a dresser. Gerrard-Jones says the velvet leaf can have tendrils up to 6.5 feet long indoors, so make sure you have room. Sweetheart vine, also known as lemon-lime, is tolerant of low to medium light and perfect for beginners. “Its trailing vine is a multi-lemon-chartreuse-green leaf version that will spill over your bedside table quite romantically,” adds Neese. 

Kentia Palm

For more of an island flair, the Kentia palm adds a tropical touch to any room. “It will survive in lower light than many of its counterparts,” says Gerrard-Jones. Although it’s a tolerant tropical plant, it still needs a bit of bright light, so place it by the window if possible. These plants grow slowly, but it’s best to make a long-term plan to move them outdoors as they can grow quite tall over time.

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Equity Gains for Today’s Homeowners

 
 

Today’s homeowners are sitting on significant equity, even as home price appreciation has eased recently.

If you’re a homeowner, your net worth got a boost over the past few years thanks to rising home prices. Here’s what it means for you, even as the market moderates.

How Equity Has Grown in Recent Years 

Because of the imbalance between how many homes were for sale and the number of homebuyers in the market over the past few years, home prices appreciated substantially.

And while price appreciation has slowed this year, that doesn’t mean you’ve lost all the equity in your home. In fact, the latest Homeowner Equity Insights report from CoreLogic finds the average homeowner’s equity has grown by $34,300 over the past year alone.

And if you’ve been in your home longer than that, chances are you have even more equity than you realize.

While that’s the national number, if you want to know what happened in your area, look at the map below from the Federal Housing Finance Agency (FHFA). It shows on average how much home prices have risen over the past five years, which has been a major driver behind equity growth.

 
 

Why This Is So Important Right Now 

While equity helps increase your overall net worth, it can also help you achieve other goals, like buying your next home. When you sell your current house, the equity you’ve built up comes back to you in the sale, and it may be just what you need to cover a large portion – if not all – of the down payment on your next home.

So, if you’ve been holding off on selling, it may be time to find out how much equity you have and how it can help fuel your next move.

Bottom Line

Homeownership is a long game, and if you’re planning to make a move, the equity you’ve gained over time can make a big impact. To find out just how much equity you have in your current home and how you can use it to fuel your next purchase, connect with a local real estate professional.

Read on.

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How to Keep Your Hardwood Floors Looking Their Best

 
 

Hardwood floors are an investment in your home, and they should be taken care of accordingly.

With the right maintenance and cleaning routine, you can keep your hardwood floors looking beautiful for years to come. Here are five tips you can use to care for your hardwood floors.

Sweep or Vacuum Regularly
One of the most important steps in caring for your hardwood floors is keeping them free of dirt and debris. A simple broom or vacuum cleaner will do the trick. Be sure to use a soft-bristled broom or brush attachment on your vacuum to avoid scratching the wood. Additionally, make sure that you clean up any spills immediately using a soft cloth.

Clean with Mild Soap and Water
If you need to deep clean your hardwood floors, try using a mild soap diluted in warm water. Avoid using harsh chemicals, as these can damage the finish on your flooring over time. Once you’ve cleaned with soap and water, dry off any excess liquid with a soft cloth or towel. If there are still spots remaining, use a little bit of vinegar on the spot and let it sit for 15 minutes before wiping it away with another damp cloth.

Use Furniture Protectors
Using furniture protectors is an easy way to protect both your flooring and furniture from scratches and dents. Place furniture protectors underneath all legs of heavy furniture such as couches, tables, chairs, etc., so that they don’t scratch or scrape against your floors when moved around. Hardwood floors are particularly vulnerable during times of renovation or construction; if possible, cover them up with plastic sheeting during these projects as well as when painting walls nearby.

Avoid Exposure to Sunlight
Direct sunlight can cause fading on any type of wood surface over time due to ultraviolet radiation contained within the light itself. Whenever possible, try to keep curtains closed over windows that get direct sunlight throughout the day so that fading is minimized. In addition, move area rugs around occasionally so that no one spot gets more exposure than another; this helps even out any potential discoloration due to sunlight exposure over time (and also keeps one side from becoming too worn down).

Refinish Every Few Years 
Refinish your hardwood floors every few years (approximately three times per decade) so that their shine stays intact without losing durability from everyday foot traffic wear-and-tear . Because refinishing is somewhat involved process—it requires sanding down existing layers of finish before applying new ones—it’s best left up to professional contractors who know what they’re doing and have the right tools necessary for job completion safely and effectively.

Taking care of hardwood floors may seem like an intimidating task at first, but it doesn't have to be! With regular sweeping/vacuuming combined with occasional deep cleans using mild soap and water solutions (followed by drying!), along with adding furniture protectors and avoiding direct sunlight exposure wherever possible, taking good care of your hardwood flooring becomes much easier over time. Additionally, make sure you're getting them professionally refinished every few years -- this will help maintain their beautiful luster while also preserving their longevity. Following these steps will ensure that your hardwood floors stay looking beautiful for years to come!

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New home sales continue to climb in 2023

 
 

January’s annual sales pace of 670,000 was the strongest since March 2022.

New home sales started off 2023 on a positive note, rising 7.2% from December to a seasonally adjusted annual pace of 670,000 homes, according to data published by the U.S. Census Bureau and the Department of Housing and Urban Development (HUD) on Friday. This marks the second consecutive month of increases and the strongest sales pace since March 2022.

On a year-over-year basis, however, new home sales are still down 19.4%.

“January marked a surge of people signing contracts to buy new homes. The increase in contract signings can be attributed to a decline in mortgage rates in January after a run-up in rates in October and November,” Holden Lewis, NerdWallet’s home and mortgage expert, said in a statement. “Rates have bounced higher since January, which likely is acting as a drag on new home sales in the meantime.”

The uptick in the sales pace resulted in just 439,000 new homes remaining on the market at the end of the month, representing 7.9 months of supply at the current sales pace, down from 8.7 months in December.

“The backlog of new construction homes continues to emerge into the market just in time for the spring shopping season,” Nicole Bachaud, Zillow’s senior economist, said in a statement. “Many home builders are offering incentives to buyers, sweetening the deal just enough to bump sales from the month prior.”

As a result of incentives such as price drops, the median new home sales price dropped from $465,600 in December to $427,000 in January, despite the increase in demand.

Regionally, on a month-over-month basis the sales pace was down in the Northeast (25,000 homes), Midwest (67,000 homes), and the West (127,000 homes), with the Northeast recording the largest drop at 19.4%.

The South (451,000 homes) was the only region to rise on a monthly basis, jumping 17.1%. On a yearly basis, all regions recorded drops in annual sales pace, with the West recording the largest drop at 46.9%.

Looking ahead, experts are optimistic about the spring selling season for new construction.

“There is still a large chunk of new construction homes currently under construction, and when those homes hit the market, especially over the next few months, we will see spring home buyers – those who can afford the higher new construction price tags – having more options and opportunities to break into homeownership,” Bachaud said.

Read more on Housing Wire.

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FHA To Cut Mortgage Insurance Premium By 30bps

 
 

White House announces reduction; will take effect on March 20.

Big news for those considering FHA loans! Mortgage insurance cost will be decreasing an average of $800 per year. Read on to read the details and be sure to reach out to one of our incredible Streamline Loan Officers with any questions!

Homeowners will save an average of $800 per year following the Biden Administration’s announcement Wednesday that it will reduce by 30 basis points the annual mortgage insurance premiums charged on loans via the Federal Housing Administration.

In a news release, the White House said Vice President Kamala Harris and Department of Housing and Urban Development (HUD) Secretary Marcia Fudge will announce the change during a news conference in Bowie, Md.

HUD, through the FHA, will reduce its annual mortgage insurance premium from 0.85% to 0.55% for most new borrowers. The mortgage insurance premium is the monthly fee homeowners with FHA-insured mortgages pay to insure their mortgages. The fee is paid on top of the monthly principal and interest payments.

The premium reduction will take effect on March 20, and will be reflected in the President’s Fiscal Year 2024 Budget, the White House said.  

The reductions will save homebuyers and homeowners with new FHA-insured mortgages an average of $800 per year, the White House said, adding that it will lower housing costs for an estimated 850,000 homebuyers and homeowners in 2023.

The announcement is an important step in making homeownership more attainable, the administration added.

“Homeownership is currently the principal source of wealth creation for most American households,” the White House said in a statement. “But due to a nationwide shortfall in the supply of affordable homes and shifting demand for housing during the pandemic, first-time homebuyers have struggled in recent years to achieve homeownership. First-generation homebuyers and first-time homebuyers of color — who are less likely to have sufficient resources for a sizeable down payment due to a longstanding gap in intergenerational wealth transfers — have been particularly affected.”

FHA-insured mortgages, which accounted for 7.5% of home sales in the third quarter of 2022, are targeted at homebuyers who otherwise may not be able to achieve homeownership. 

Mortgage Bankers Association President and CEO Bob Broeksmit praised the announcement, calling it “a move we have strongly encouraged since 2021.”

“The lower premiums will expand homeownership opportunities by lowering mortgage payments for qualified FHA borrowers, providing critical relief from the steep rise in mortgage rates and home prices just in time for the spring buying season,” Broeksmit said. “This will especially help minority homebuyers and low-and moderate-income households who are predominantly served by FHA loans.”

FHA insures loans with a small down payment and more flexible underwriting, enabling families to begin building wealth through homeownership earlier than they otherwise might and providing an open door to credit-worthy borrowers. More than 80% of FHA borrowers are first-time homebuyers, and over 25% are homebuyers of color. 

The average home purchased with FHA-insured mortgages cost around half the price of the overall national median home and have an average mortgage amount of less than $270,000.

“Ensuring a robust FHA program that protects taxpayers and offers affordable homeownership opportunities for families in underserved communities is important,” Broeksmit said, “and we will work with the Biden administration and Congress on policies that have the greatest impact on borrower affordability and sustainability.”

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