homes

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Manifestation practices—or rather, the routines and rituals you can use to turn your thoughts into reality—can luckily be done anywhere. But as someone who has a soft spot for interiors and is hyper-aware of her surroundings (I am a home and living writer after all!), I believe that your living space plays a crucial part in supporting your dreams. Whether you live in a tiny dorm room or your very own dream home, your environment can help keep you focused, calm, and positive—which is key to achieving your goals.

To learn more about the link between our homes and manifestation, I chatted with manifestation expert Haley Hoffman Smith, and her tips are sure to get your creative ideas flowing. If you’re ready to level up your living space, here’s how to make sure your home supports your ideal lifestyle and the best version of you.

1. Start with gratitude and appreciation.

“You can manifest anywhere at any time, and so much of it is about appreciating where you are,” Hoffman Smith said. Practicing gratitude for what you already have is a huge part of manifestation, and if you’re struggling with where to begin, start with the roof over your head. Even if you’re not living in your dream home (yet!), focus on the things you love about your current space and express your appreciation for them. Whether you simply look around your space and make mental notes or write your thoughts down in a journal, having gratitude for your current home will help you stay positive and uplifted.

Hoffman Smith, for instance, moved into her dream New York City apartment a few years ago, but before that, she was living in a modest home in Colorado. “I focused so much on what I appreciated in that home and the fact that I had a home and a front door and that it provided safety and comfort,” Hoffman Smith said. Focusing on the positive attributes of your surroundings will help you stay in a high vibrational state, or in a state of contentment and peace, which makes you a magnet for whatever it is that you desire. As Esther Hicks, another manifestation expert, famously says, “As you think, you vibrate. As you vibrate, you attract.”

Source: @homeyohmy

2. Know what your vision is, and keep it in sight.

Vision boards are a go-to practice for manifestation. While you can easily use your vision board as a phone background or laptop wallpaper, strategically placing images and positive affirmations around your home is another sneaky way to keep your vision in front of you. Consider displaying reminders of your vision on your fridge, the bathroom mirror, or your coffee table. “What matters most is having them someplace where you’ll see them all the time,” Hoffman Smith said.

For example, Hoffman Smith decorated her coffee table with a book on the Amalfi Coast, one of her favorite travel destinations. “It’s nice to be able to flip it open to a page and have it be like a vision board on my coffee table,” she said. This is great advice if you have a dream destination you’d like to visit—in addition to a coffee table book, you could also frame pictures of places on your bucket list.

Other easy ways to keep your vision in sight include placing sticky notes with positive affirmations around your home or using everyday items that remind you of your dreams. Hoffman Smith also has a collection of coffee mugs that all reflect things that make her happy. If you’re trying to manifest something specific (like a new job or a dream vacation), find a mug that has a design or words that relate to that goal and can help you imagine that it’s already a reality.

3. Maximize the space you have by keeping it tidy.

A clean, clutter-free home can help you stay focused and at ease as you work toward your goals. Even if your current space is less than ideal, keeping it tidy will help make the most of the space so it can best support your dream lifestyle. If there’s a room in your home that feels off even after cleaning and organizing, however, Hoffman Smith recommends rearranging the furniture. “If you’re about to embark on a new chapter of your life, or if the energy is just stagnant, shifting around the placements of certain things can really help,” she said. Keep rearranging until your space feels right.

Source: @leclairdecor

4. Fill your home with things you love.

Additionally, be sure your home includes items that reflect your desires and passions. Adding beauty, like flowers for your kitchen table or art that inspires you, can have a big effect on your mood and make you feel like you’re already living your best life. For Hoffman Smith, seasonal decor helps her add joy to her space. “Changing things up with the seasons can make it feel really cozy,” she said. Consider this your sign to light a candle or hang those twinkly lights if those things make you happy. At the end of the day, manifestation is about keeping your vibration high, so be sure to sprinkle items throughout your space that bring you joy, no matter how small.

5. Set up your home for your morning and nighttime routines.

“Manifesting really comes down to the routines we do, such as meditation, gratitude, and journaling,” Hoffman Smith said, “and having a space for each in your home can help it become a ritual that you get used to and can look forward to.” Whatever you want your morning and evening routines to look like, create a dedicated space that supports those activities. If you like to start each day by journaling while you sip your morning tea, place your journal and a pen near your tea kettle and mugs. If you want to meditate each night before bed, outfit your bedroom with soft lighting and a meditation pillow. Creating the space for the routine will make it that much easier to settle into the habit, Hoffman Smith said.

6. Prepare your space for your ideal lifestyle.

Even if you don’t feel like you’re living your dream life yet, you can prepare your space for those dreams to become a reality. Does your future self like to host dinner parties? Spruce up your dining area, tidy up your kitchen, and gather up a few recipes you’d like to prepare for friends or family. Does your future self have a consistent meditation practice? Create a cozy meditation corner with a floor cushion and a small table for candles or an essential oil diffuser. By creating space for your goals, you can prepare yourself for all of the abundance that is no doubt already on its way to you.

7 Easy Decorating Tips to Instantly Boost Your Mental Health

Source: theeverygirl.com

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Mortgage rates ticked up this week as the 10-year Treasury yield made its way back above 4%.

The 30-year fixed-rate mortgage averaged 6.66% as of Jan. 11, a slight increase from last week’s 6.62%, according to Freddie Mac‘s Primary Mortgage Market Survey released on Thursday. The 15-year fixed-rate mortgage averaged 5.87% this week, down from 5.89% the prior week. HousingWire’s Mortgage Rates Center showed Optimal Blue’s average 30-year fixed rate on conventional loans at 6.66% on Thursday, down from 6.68% recorded at the same time last week.

“Mortgage rates have not moved materially over the last three weeks and remain in the mid-six percent range, which has marginally increased homebuyer demand,” Sam Khater, Freddie Mac’s chief economist, said in a statement. “Even this slight uptick in demand, combined with inventory that remains tight, continues to cause prices to rise faster than incomes, meaning affordability remains a major headwind for buyers. Potential homebuyers should look closely at existing state and local resources, such as down payment assistance programs, which can considerably help defray closing costs.”

Mortgage rates dipped below 7% before the start of the new year, steadily declining each week of December. Most housing professionals expect mortgage rates to continue trending downwards in 2024. Economists hope that declining rates will spur more sellers to list their homes. However, mortgage rates might not fall as fast as expected, hampering growth in listing activities. With about two-thirds of outstanding mortgages still carrying rates below 4%, home sellers may choose to delay their selling plans, waiting for a better opportunity.

Forecasters expected the Federal Reserve to begin cutting rates in March. However, given December’s strong jobs report and today’s inflation reading, it’s becoming more likely that those rate cuts will come later in the year, Lisa Sturtevant, chief economist at Bright MLS, said in a statement.

Source: housingwire.com

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This week’s Afford Anything blog post is a well-balanced diet:

  • Robert Kiyosaki predicts a massive crash — [philosophical]
  • Sobering stats about the housing market — [analytical]
  • Secret strategies to save on seasonal shopping — [practical]

The Robert Who Cried Wolf

Famed investor Robert Kiyosaki, author of Rich Dad, Poor Dad, recently caused an internet stir by predicting “the start of the biggest crash in history.”

Of course he did.

Kiyosaki is constantly crying wolf. It’s good for (his) business.

Bad news travels faster than good news.

People who prioritize attention over truth will use that to their advantage. Kiyosaki is a shrewd businessman. He understands the profit potential in strategic pessimism.

But that’s bad news for his followers. Per the law of large numbers, it’s reasonable that some people have kept their cash on the sidelines, rather than investing in the markets, after heeding his warnings. And that has massive lifelong ramifications on their wealth and retirement.

Lesson: Beware of anyone who peddles *negativity bias* in order to stay relevant.

These economic fear-mongerers don’t hold accountability for their track record of wrong predictions.

Their followers are the ones who suffer.

This is why it’s critical to choose your mentors carefully — and it’s precisely why you should never blindly enroll in an online class that’s taught by some random person whose ideas you haven’t vetted.

If you’re curious how often Kiyosaki has made the wrong call, note that Stanford-trained data scientist Nick Maggiulli, our guest on Episode 375 of the Afford Anything podcast, shared this illustration on X:

Pessimism has a visceral appeal. It’s evolutionarily advantageous to be hyper-aware of threats.

Our ancestors didn’t survive the jungle or savanna by appreciating the beautiful flowers. They survived by staying hyper-vigiliant of danger. This explains why negativity bias is so innate, so intrinsic. It’s a survival mechanism.

But in the modern developed world, pessimism keeps us overly conservative. We choose the “safe” major. We take the “steady” job. We tilt too heavily into conservative investments when we’re young, and we panic when our 401k’s start to decline. We avoid real estate investing and starting side businesses because these seem too risky.

Pessimism stifles innovation, entrepreneurship, and creativity. It locks us into mundane careers and middling investments as we muddle through risk-averse lives. In the end, we haven’t endured huge losses, but neither have we *embraced a shot* of winning.

As Episode 284 podcast guest Morgan Housel eloquently said:

“Pessimists get to be right. Optimists get to be rich.”

No, The Fed Lowering Interest Rates by 25 Basis Points Is Not Going to Flood the Market with New Housing Inventory 🙄

A little history lesson:

Once upon a time, in 2008, there was a Great Recession. It scared many investors and homebuilders, and they stopped making new homes.

In the decade that followed the Great Recession, new construction reached its lowest point since the 1960’s.

By 2019, the housing shortage amounted to 3.8 million units. This means there were 3.8 million more families and individuals who wanted a place to live — either to rent or buy — than there were homes available.

Then the pandemic struck. The prices of copper, lumber and other construction items shot through the roof (no pun intended). Builders had to raise home sale prices due to higher materials costs. Prices soared.

In 2020 and 2021, people across the internet cried, “Why are they charging so much more than the home is worth?!” — not realizing that “worth” is a function of the cost of labor + the cost of materials + the premium of scarcity.

And when supply is curtailed — as it was by 3.8 million units as of 2019 — there’s an ample scarcity premium.

Then inflation climbed. The Federal Reserve raised interest rates 11 times during their 2022-2023 cycle, resulting in a rapid escalation of mortgage rates.

This created a “lock-in effect” among existing homeowners. Nobody wants to trade a mortgage with a 3 percent fixed interest rate for an alternate mortgage with a 7 percent rate.

Existing homeowners with a mortgage have a huge incentive to hold.

Sellers who *need* to get rid of their property — for example, because they’re moving to another country — list their homes on the market. But homeowners who simply *want* to upsize or downsize are, for the most part, staying put.

This has created even more housing supply pressure.

Meanwhile, homebuilders — who must borrow money to finance their operations — are seeing the cost of capital skyrocket. Many have curtailed new construction, putting further pressure on the supply pipeline.

So we have a long-running confluence of factors that, piece by piece, keep exacerbating the housing supply crunch.

And this leads to today’s takeaway:

No, this problem will not magically solve itself the moment that the Fed reduces interest rates.

The Fed is meeting today and tomorrow. They’re widely expected to hold rates steady. (They’ll make an official announcement at 2 pm on Wednesday.)

There’s rampant speculation that the Fed will lower interest rates in Q1 or Q2 of next year.

— And —

There seems to be a pervasive myth that once interest rates decline, those “locked-in” homeowners will rush to list their homes for sale, flooding the market with new inventory.

The supply-demand imbalance will tilt in the buyer’s favor, home prices will plummet, and housing will become affordable once again.

Yet that is pure fantasy, disconnected from the data.

Imagine 10 people. Nine of them have mortgage rates that are less than 6 percent. The stat is 91.8 percent of mortgaged homeowners, to be precise.

Wait.

Imagine those same 9 people, the 9 out of 10 who have a sub-6 percent interest rate. Here’s how they break down:

  • One has an interest rate between 5 to 6 percent.
  • Two have an interest rate between 4 to 5 percent.
  • Six have an interest rate below 4 percent. The exact stat is 62 percent.

Let me say that again:

Six out of 10 mortgaged homeowners have an interest rate that’s below 4 percent.

Meanwhile:

One-half of mortgaged homeowners (49 percent) say they’d consider listing their home only if interest rates fell below 4 percent, according to a Redfin survey conducted by Qualtrics.

So this myth that if the Fed lowers interest rates, the market will get flooded with new inventory? — That scenario isn’t likely to happen for a long, long, looooong time.

As of Dec 12, 2023, the current average 30-year fixed rate for a buyer with a 740-760 credit score is 7.4 percent. Multiple reductions in interest rates won’t begin to approach the sub-4 percent rates of yesteryear.

The “lock-in effect” will last for longer than you might expect.

Lesson: Don’t wait to buy a home based on speculation about the market. If you have both the money and desire to buy a home, DO IT NOW. Homes are likely going to get more expensive in the future, not less.

How to Not Flush AS MUCH Money Down the Toilet This Holiday Season

Yeah, I know.

The holiday season is custom-built for parting with your money. Every store is promoting sales, discounts, offers. Limited time only.

It’s scarcity on steroids.

Holiday deals tap into the part of our brain that says — “this deal is only available now; I should snag it while I still can.”

Our FOMO creates jobs and drives the economy.

Since holiday spending is human nature, let’s forgo the guilting, shaming and finger-wagging that’s so endemic to the personal finance and FIRE community.

It’s counterproductive. Guilt and shame over holiday spending doesn’t change human behavior, it merely robs the joy from it.

It’s like chowing down a piece of chocolate cake while simultaneously fretting about the sugar.

You’re eating the cake regardless. You may as well enjoy it.

Instead, let’s accept that some degree of holiday spending is normal, and let’s focus on how to find the best deal possible.

Here are four pointers. (If you have more to add, please share these with the Afford Anything community) —

#1: If you’re buying an item at a mid-size company’s website (i.e., a merchant that’s bigger than a mom-and-pop shop, but not a big box retailer like Target or Amazon) — move your cursor near the “back” arrow on the browser.

This is called “exit intent,” and it often triggers pop-ups with discount codes.

#2: For online purchases: Create an account, put an item in your cart, and then leave the website.

This is called “abandoned cart,” and often triggers an automation in which the company emails you a limited-time-offer discount code.

#3: If you’re buying something expensive (over $500 – $1,000 or more), track the price for a few weeks, especially around the holidays. On sites like Wayfair, I’ve seen prices fluctuate daily.

#4: The least useful savings tip: Googling discount / promo codes or pulling these codes from mass aggregator websites.

You may get lucky, but typically 9/10 are expired or don’t work; they just yield a bunch of extra open tabs on your browser.

There’s an enormous selection of third-party websites and browser extensions that claim to help with this, with varying degrees of efficacy.

I’m not going to recommend any specific tools; recommendations are both dynamic and better crowdsourced. Please share your experience with the community.

Source: affordanything.com

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Renting in Chicago? Discover the 10 most affordable Chicago suburbs to rent in 2024.

The Windy City, with its diverse neighborhoods and ever-evolving skyline, has much to offer its residents. But living in Chicago often comes with a high price tag, and you may be wondering how much rent costs in Chicago. The average rent is $1,572 a month for a studio, $1,907 a month for a one-bedroom unit and $2,558 for a two-bedroom unit. However, these prices may not fit your budget.

If you’re seeking a more affordable alternative to Chicago while remaining close enough to enjoy Chicago’s hustle and bustle, you’re in the right place. This article will explore 10 of the most affordable Chicago suburbs. From tranquil small towns to lively communities, you just might find your next hometown below.

Average rent for a studio: $1,450

Average rent for a one-bedroom: $950

Average rent for a two-bedroom: $1,400

Distance from Chicago: 17 miles

Apartments for rent in Oak Lawn

Our most affordable Chicago suburb is Oak Lawn. Only about 17 miles southwest of Chicago, you’re just a short distance from the city center. The average rent for a one-bedroom apartment is nearly half the cost compared to Chicago, so living in Oak Lawn can save you a lot.

In Oak Lawn, you can explore one of the parks like Oak Lawn Park District and Wolfe Wildlife Park. Additionally, you can discover a variety of local restaurants and shops in the downtown area, providing a taste of the town’s unique character and charm.

Average rent for a studio: $890

Average rent for a one-bedroom: $1,005

Average rent for a two-bedroom: $1,195

Distance from Chicago: 45 miles

Apartments for rent in Joliet

About 45 miles southwest of Chicago is our top pick of affordable Chicago suburbs, Joliet. The area is home to about 150,400 residents, and the average rents are much less than in Chicago. For example, a one-bedroom unit in Joliet costs $1,005 compared to $1,907 in Chicago.

If you move to Joliet, you’ll find a lot of fascinating places to explore. For example, you can visit the Old Joliet Prison, which offers guided tours and a glimpse into its rich history. You can also see a show at the Rialto Square Theatre, an elegant and historic venue that hosts a variety of live performances, from rock concerts to Broadway shows.

Average rent for a studio: $922

Average rent for a one-bedroom: $1,162

Average rent for a two-bedroom: $2,142

Distance from Chicago: 10 miles

Apartments for rent in Oak Park

Another great suburb for renters is Oak Park, roughly 10 miles west of Chicago. The rental prices are great as the average rent for a one-bedroom unit is about $750 a month less than in Chicago.

In Oak Park, you can immerse yourself in the town’s architectural history by taking a guided tour of the Frank Lloyd Wright Home and Studio, highlighting the undeniable style of this renowned architect. You can also visit the Ernest Hemingway Birthplace Museum, showcasing the author’s life and works. Additionally, Oak Park is home to the beautiful and expansive Oak Park Conservatory, a serene environment amidst lush botanical gardens.

Average rent for a studio: $2,022

Average rent for a one-bedroom: $1,375

Average rent for a two-bedroom: $1,450

Distance from Chicago: 15 miles

Apartments for rent in Skokie

Skokie is an affordable option for renters while remaining only 15 miles north of Chicago. With the average rent for a one-bedroom costing about $530 less than in Chicago, Skokie may be the suburb for you.

Skokie is also home to the scenic Emily Oaks Nature Center, providing nature lovers with hiking trails, wildlife observation and environmental education programs. You can also explore Skokie Northshore Sculpture Park, which has massive sculptures along landscaped paths.

Average rent for a studio: $1,260

Average rent for a one-bedroom: $1,400

Average rent for a two-bedroom: $1,980

Distance from Chicago: 40 miles

Apartments for rent in Aurora

About 40 miles west of Chicago, you’ll find Aurora, another great suburb to add to your list. Home to 179,200 residents, Aurora is an awesome option for renters looking for a city-like atmosphere with more affordable rental prices.

Aurora is home to the beautiful Oakhurst Forest Preserve, with hiking trails, birdwatching areas, and a stocked lake. You can also visit the Paramount Theatre, a historic venue showcasing a variety of performances, from Broadway shows to acoustic sets and more.

Average rent for a one-bedroom: $1,533

Average rent for a two-bedroom: $1,844

Distance from Chicago: 30 miles

Apartments for rent in Arlington Heights

Securing the sixth spot on our list, Arlington Heights is a familiar Chicago suburb. This area is home to roughly 76,000 residents, making it feel more like a small town.

Arlington Heights has a solid downtown area with a great selection of shops and restaurants, creating a lively and welcoming atmosphere. The town is also home to Lake Arlington, which has miles of trails and picturesque views.

Average rent for a studio: $1,433

Average rent for a one-bedroom: $1,573

Average rent for a two-bedroom: $1,900

Distance from from Chicago: 33 miles

Apartments for rent in Schaumburg

Next on our list of renter-friendly Chicago suburbs is Schaumburg. It’s about 33 miles northwest of downtown, meaning it’s a little longer commute into the city. But saving on rent by living in this affordable city may make the additional commute time worth it.

There is plenty to do in Schaumburg, like exploring Spring Valley Nature Center & Heritage Farm, which has trails and a 19th-century farm. Schaumburg is also home to the Woodfield Mall, which has a range of retail stores, dining options and entertainment venues.

Average rent for a studio: $1,836

Average rent for a one-bedroom: $1,600

Average rent for a two-bedroom: $1,902

Distance from Chicago: 20 miles

Apartments for rent in Des Plaines

If you call Chicago home, you might already know about Des Plaines, one of its most affordable suburbs. The rents in Des Plaines average $1,600 for a one-bedroom unit and $1,902 for a two-bedroom unit, so you’re still saving substantially compared to Chicago.

In this affordable Chicago suburb, you can spend the evening seeing a show at Des Plaines Theatre and explore the charming downtown area. You can also enjoy the scenic beauty of Prairie Lakes Park.

Average rent for a studio: $1,207

Average rent for a one-bedroom: $1,652

Average rent for a two-bedroom: $2,300

Distance from Chicago: 15 miles

Apartments for rent in Evanston

Moving to Evanston provides a more laid-back lifestyle than Chicago’s city atmosphere. But you’ll find Evanston offers lots of activities for its residents compared to other Chicagoland suburbs.

You can explore the beautiful Northwestern University campus, known for its historic architecture, college-town vibe and live events. The Evanston Art Center, which hosts various art exhibitions and classes, is also a must-visit, providing a creative outlet for art enthusiasts and a taste of the local arts scene. Additionally, you can see the skyline views of the Chicago skyline from The Lakefill, a park along Lake Michigan, making it an easy pick for top affordable Chicago suburbs.

Average rent for a studio: $2,020

Average rent for a one-bedroom: $1,820

Average rent for a two-bedroom: $2,311

Distance from Chicago: 35 miles

Apartments for rent in Naperville

Rounding out our list of affordable Chicago suburbs is Naperville. This suburb has a population of 149,100 and is roughly 35 miles west of Chicago. In Naperville, you can explore the Naperville Riverwalk, a scenic linear park along the DuPage River, perfect for leisurely walks, picnics and enjoying the majesty of the Midwest.

Naperville is also home to the Naper Settlement, a living history museum with historic buildings and interactive exhibits, giving a glimpse into Naperville’s past.

Find your next home in one of these affordable Chicago suburbs

The Chicago suburbs listed above are a testament to the fact that affordability doesn’t have to come with compromise. From quaint streets lined with cozy homes to bustling local businesses and serene parks, these suburbs offer unique opportunities for families, professionals and retirees alike.

The affordability of these suburbs doesn’t just ease the wallet; it enriches lives, fostering tight-knit communities where neighbors become friends, and memories are made. In the suburbs featured above, the spirit of Chicago thrives in a more accessible, affordable package, proving that the heart of a great city isn’t defined by its price, but by its people and the warmth of the community they build.

If you’re looking to leave your apartment and make the move from renter to buyer, make sure to also check out the most affordable Chicago suburbs to buy a home.

Methodology: Affordability is based on whether a suburb’s one and two-bedroom rent was less than Chicago and under 45 miles from downtown Chicago. Average rental data from Chicago rental market trends on October 26, 2023. Population data sourced from the United States Census Bureau.

Source: rent.com

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Breaking away from tradition is a good thing.

In the ever-evolving world of interior design, trends and pop culture influences come and go, all leaving unique imprints on the aesthetic landscape of homes and spaces. Following the subtly modern look of midcentury modern design, the latter part of the 20th century witnessed the rise of postmodernism, a movement that revolutionized the way we approach and perceive interior spaces.

Postmodern interior design is a captivating blend of creativity, irreverence and a departure from the strict principles of previous design philosophies. In this article, we delve into postmodern design, exploring its defining features, highlights and the lively spirit that sets it apart from other styles.

The essence of postmodern interior design

Postmodernism, in its essence, is a departure from the strict principles and uniformity of modernism. Emerging in the latter half of the 20th century, as a reaction against the perceived rigidity of modern design, postmodernism celebrates diversity, eclecticism and a playful engagement with historical design elements. In the realm of interior design, this is better translated into a departure from the clean lines and minimalism of midcentury modernism. Postmodern interiors are a celebration of contrast, embracing a mix of styles, eras and cultural influences.

Postmodern design is a rebellion against the notion that there’s a single, correct way to design spaces. It challenges the idea that form should always follow function, as popularized by the midcentury. Instead, postmodern interiors embody a sense of freedom, allowing for a rich tapestry of styles, colors, textures and influences to coexist harmoniously.

Eye-catching wallpapers and playful patterns

One of the defining features of postmodern interior design is the vibrant and bold use of wallpapers. Unlike the muted tones and subtle patterns of midcentury modern interiors, postmodern spaces often feature eye-catching, bright wallpapers that serve as a statement piece in the room. These wallpapers can range from geometric patterns to combinations of natural and retro shades, injecting a sense of playfulness and personality into the space.

The use of playful patterns extends beyond wallpapers to upholstery, curtains and even flooring. Postmodern interiors revel in mixing and matching patterns, creating a dynamic visual experience that captures attention and adds a layer of complexity to room design. This departure from the monochromatic and restrained palettes of the past is a testament to postmodernism’s embrace of eclecticism and the rejection of design norms.

The wallpaper becomes not just a background but an integral part of the design style, setting the stage for the eclectic and lively atmosphere that defines postmodern interiors. It’s a departure from the notion that walls are neutral backdrops, inviting inhabitants and visitors alike to engage with the space on a visual and emotional level.

Artistic statements

While midcentury modern design often favored neutral color palettes and understated elegance, postmodern interiors take a vibrant approach with pops of bold colors, especially in seating arrangements. Sofas, chairs and ottomans become not just functional pieces but artistic statements in themselves. The use of bold and contrasting colors adds energy and vitality to the space, creating a lively atmosphere that encourages self-expression and creativity.

In postmodern interior design, seating goes beyond comfort and functionality; it becomes a means of expressing individuality and breaking away from the conventions of the past. This departure from the subdued color schemes of previous design movements reflects the postmodern belief that design should be personal, expressive and capable of challenging established norms.

The strategic placement of colorful seating becomes a visual language, telling a story of vibrancy and breaking away from the monotonous. It signifies a shift away from subdued hues, embracing vibrant and bold opaque colors.

Unique takes on classic design elements

One of the most intriguing postmodern design elements is its unconventional ideas and irreverent take on classic design elements from previous centuries. Instead of adhering strictly to historical styles, postmodernism borrows elements from various periods and playfully remixes them. This approach results in spaces that feel both familiar and futuristic, creating a sense of timelessness while challenging traditional notions of design.

For instance, postmodern interiors might feature classical columns alongside modern furniture, or a Baroque-inspired mirror complimented with contemporary art. This blending of styles and eras creates a dedication to design evolution, where the past is preserved as well as reinterpreted. It is a form of design rebellion that challenges the notion of the linear progression of styles and embraces a more fluid and dynamic approach to aesthetics.

Postmodernism redefines the relationship with history, treating it as a playground rather than a rulebook. Classic elements are utilized as building blocks for a new visual design language that is both familiar and refreshing.

The importance of individual expression

At the heart of postmodern interior design is the celebration of individual expression. Unlike the more formulaic nature of previous design movements, postmodernism encourages designers to embrace their unique tastes and preferences. This freedom is evident in the diverse range of materials, textures and colors used in postmodern interiors.

From sleek metals and glass to warm woods and plush fabrics, postmodern spaces thrive on the combination of materials, creating a rich sensory experience. This emphasis on individual expression extends to the inclusion of personal artifacts, vintage finds and quirky accessories that add a layer of character to the space. The result is a home that reflects personality and interests, telling a story of one’s life.

Individual expression is arguably the largest guiding principle in postmodern design, inviting people to curate their spaces with elements that resonate with them personally. The eclectic mix of materials and personal artifacts creates a narrative of the inhabitants’ journey, turning the home into a canvas that tells a story.

Postmodern pioneers

Influential designers in this movement embraced eclecticism, experimentation and a playful blend of styles. Michael Graves, a celebrated architect, and designer, is renowned for his postmodern contributions, infusing everyday objects with whimsical and symbolic elements. Ettore Sottsass, the visionary behind the Memphis Group, disrupted the design landscape with vibrant colors, bold patterns and unconventional shapes. Their innovative approaches continue to inspire, shaping the contemporary design landscape with a legacy that transcends the boundaries of time and tradition.

Postmodernism interior design: A celebration of individuality

In the wake of midcentury modernism, postmodern interior design emerged as a vibrant and eclectic movement that celebrated diversity, individual expression and a playful departure from design norms. With its bright wallpapers, pops of color in seating and irreverent takes on classic design elements, postmodernism transformed interiors into dynamic canvases of self-expression.

As we continue to explore and evolve in the realm of interior design, postmodernism stands as a testament to the power of creativity and the rejection of rigid design principles. It encourages us to embrace the unexpected, mix styles with confidence and create spaces that tell our unique stories. In a world where individuality is increasingly valued, postmodern interior design remains an inspiring chapter in the ongoing narrative of design evolution.

Whether you’re drawn to the bold patterns, vibrant colors or blends of styles, postmodern design invites you to break free from the ordinary and celebrate the diversity that makes each space, and each individual, truly unique. Still looking for the perfect place to style as a reflection of your personality? Find the perfect place in one of our available apartments and get decorating.

Source: rent.com

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Georgia is home to some of the best college towns in the country, each offering students a range of unique experiences and opportunities for personal and professional growth.

It’s easy to see why Georgia is an incredible destination for higher education and unforgettable experiences. So, whether you’re a prospective student, a proud parent or just a visitor passing through, be sure to check out some of the top college towns in the Peach State!

Tucked away about 70 miles to the northeast of Atlanta lies Athens, the proud location of the University of Georgia, among the earliest public higher education institutions in the U.S. This archetypal college town is famed for its legendary music scene, having been the birthplace of famous bands like R.E.M. and the B-52s.

The area around UGA’s campus brims with a culture, including art galleries and live music venues. Nature lovers will relish the proximity to the State Botanical Garden of Georgia and Sandy Creek Park, offering manicured trails, space for cycling and open areas to soak up the Georgia sun.

In essence, Athens strikes a harmonious balance between the coziness of a smaller community and the excitement of a lively college town, establishing itself as one of the top university cities in Georgia and the country.

Atlanta hosts a cluster of premier colleges and universities like Georgia State University, Emory University, Georgia Tech and Morehouse College. With its sizable footprint, Atlanta caters to all, offering top-class dining, entertainment and elite professional sports teams.

Located downtown, the Georgia State University campus buzzes with energy. It’s a place where students can delve into their interests in and outside the classroom with ease. Gems like the High Museum of Art and the World of Coca-Cola are just the beginning of what Atlanta has to offer to students and recent grads. The city’s lively nightlife, especially in areas like Midtown and Little Five Points, is punctuated by a healthy selection of bars, clubs and music venues for students to discover.

Set in the historic Druid Hills, Emory University’s scenic campus provides a tranquil study environment just a stone’s throw from Atlanta’s myriad attractions. The fashionable Virginia-Highland neighborhood, a short distance away, is a haven for unique boutique stores, restaurants and bars.

Atlanta is also a hub for career-building opportunities, with a wealth of internships and major corporate headquarters, making it an ideal spot for those hoping to kickstart their professional journey in the South.

Famed for its breathtaking architecture and quaint cobblestone pathways, Savannah is home to the renowned Savannah College of Art and Design (SCAD). This seaside town is full of history, manicured parks, ancestral homes and museums that draw visitors from all across the country.

SCAD students enjoy the extraordinary experience of learning in a city that doubles as a living historical exhibit, with the university creatively converting historic spaces into classrooms. The artistic essence of Savannah shines through its many galleries, independent shops and festivals, creating a perfect haven for those with creative inclinations and ambitions.

Foodies will be thrilled to delve into Savannah’s restaurant scene, ranging from classic Southern dishes to exotic global flavors. The city’s nightlife is a collection of entertainment choices, including spirited bars and clubs, alongside ghost tours and a killer live music scene.

Savannah’s old-school charm and distinctive culture undoubtedly place it among Georgia’s finest college cities for students who have a passion for history and the arts.

Situated in the heart of Georgia, Macon is the proud home of Mercer University and Wesleyan College. This delightful city holds a significant place in the history of music, especially in shaping Southern rock and R&B. Iconic musicians like Little Richard, Otis Redding and the Allman Brothers Band all started out in Macon.

The stunning and historic Mercer University campus is conveniently located close to Macon’s bustling downtown, offering students a gateway to the city’s culture and entertainment. The rejuvenated downtown district is a treasure trove of distinctive boutiques, eateries and cafes, not to mention the renowned Grand Opera House, a storied venue for regular concerts and theatrical productions.

Nature buffs can venture into the Ocmulgee Mounds National Historical Park, a site of ancient Native American heritage, or bask in the picturesque landscapes of Amerson River Park. Music aficionados and sports fans are in for a treat with the Allman Brothers Band Museum and the Georgia Sports Hall of Fame, both showcasing Macon’s rich musical legacy and Georgia’s athletic achievements.

With its fusion of historical depth, a strong arts culture and plenty of nature to enjoy, Macon stands out as an exemplary choice for students seeking a small but fulfilling Georgia college town experience.

Honorable mentions

In the sweet state of Georgia, beyond the most celebrated college towns, there lies a collection of hidden gems that deserve some recognition too. These honorable mentions highlight those lesser-known yet equally charming college towns.

Statesboro

Tucked away in southern Statesboro, Georgia Southern University shines. As a rapidly expanding college town, it has a warmness to it that is impossible to replicate. The rejuvenated heart of the town presents an assortment of restaurants, locally-owned stores and entertainment venues, making Statesboro an ideal spot for students in search of a more intimate and cohesive college town environment.

Kennesaw

Kennesaw is home to Kennesaw State University, a major public university in Georgia. This city is a vector for activities like hiking at the scenic Kennesaw Mountain and numerous shopping and dining options at the well-known Town Center at Cobb. With its emphasis on community and a welcoming environment for families, Kennesaw stands out as a desirable location for students who are drawn to the experience of a suburban college town.

Georgia’s calling

Georgia is full of top-tier college towns, each with different and unique experiences and prospects for students. The state stands out as a fantastic choice for higher education and memorable adventures. Whether you’re a potential student, a proud parent or simply a traveler exploring the South, don’t miss the chance to discover the exceptional college towns that pepper the Peach State!

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Morgan Stanley’s home price outlook is unchanged, but it does see something new in affordability, after a painful year for most homebuyers, as mortgage rates bit in a way they haven’t since the 1980s. James Egan, the bank’s co-head of U.S. securities products research, crunched the data on mortgage rates falling from their recent 8% peak to the 6% range, and sees affordability improving as early as next month to a point unseen since February 2021, which was less than halfway through the pandemic housing boom. 

This is needed since “home prices have once again broken through to a new record high,” the note said. Egan and his team cited data showing October’s year-over-year increase of 4.8%. The catch, they say, is that mortgage rates decreased more than 50 basis points in December and close to 70 basis points the prior month. The average 30-year fixed mortgage rate is sitting at 6.8%—much lower than October’s 23-year high, but more than double the 3% range that put a floor under the pandemic era housing boom.

Mortgage rates will also support Morgan Stanley’s forecast from November, which sees prices mildly declining through 2024. “While home prices continue to climb, as these lower rates filter through our affordability calculations the pace of deterioration has slowed to its most benign levels since 2Q21,” the bank’s strategists wrote. “If rates were to hold at these levels, [year-over-year] affordability could improve as soon as next month—which would be the first time this has been the case since February 2021. 

“It is our expectation of increases here that has us continuing to expect a mild decrease in home prices in 2024 despite improved affordability and the growth in sales,” the strategists wrote. In late November, the investment bank forecast a 3% drop in nationwide home prices through this year. 

If current mortgage rates were to hold, the strategists added, the monthly mortgage payment on a median-priced home would be $185 lower than Morgan Stanley’s existing metric. That would bring the average monthly payment to its lowest level since April. Nonetheless, affordability has already improved some. 

The bank found that pending home sales and mortgage purchase applications “remain soft, but the pace of their decline has moderated significantly,” the note read, citing a 15% year-over-year decline in purchase applications and a 5% decline in pending home sales last month. But the investment bank predicts sales to increase this year, with existing-home sales jumping 2.5% year over year, and new-home sales 7.5%.

“While a faster improvement in affordability than we expected introduces upside risk to our forecasts…we expect the absolute levels of affordability and inventory to keep growth from accelerating too quickly,” they wrote.

Existing-home sales retreated to their slowest pace in more than a decade—largely a result of the lock-in effect, which refers to homeowners refusing to sell their homes for fear of losing their low mortgage rates. More than 90% of conventional borrowers have a mortgage rate less than or equal to 6%; nearly 87% have a rate less than or equal to 5%; almost 75% have a rate less than or equal to 4%, according to Morgan Stanley. 

However, the lock-in effect seems to be showing signs of easing, as existing-home sales rose in November after five consecutive monthly declines. They’re still down more than 7% on an annual basis, and new-home sales are only up more than 1% year over year. But it is expected that supply will increase this year. For-sale inventory was “virtually unchanged,” in December, following seven consecutive months of declines. Months of supply, which refers to the number of months it would take for all the current homes for sale on the market to sell, has also increased to its highest level since May 2020, the note said. 

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Source: fortune.com

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If you’re in the market for a home, you may have come across the term “single-family home” and wondered what it means and if that is what you are looking to buy.

Generally, a single-family home refers to a freestanding home set on its own piece of property. It can be occupied by a single individual or a large family, as long as it’s occupied by a single household.

Owning a single family home comes with a number of benefits, including more privacy and space than other types of residential properties. However, this type of home also tends to come with a higher price tag and more responsibility. Here’s a closer look at what single family homes are and the pros and cons of buying one.

What Is a Single-Family Home?

Generally speaking, the term single-family home refers to a home that is designed for, occupied by, and maintained by one person or household. When you buy a single-family home, you will own both the home and the property it sits on. This is in contrast to other types of properties, such as condominiums (condos), where you only own the interior of your unit and share ownership of common areas with other homeowners in the complex.

In most cases, a single-family home is defined as one that is freestanding and not attached to homes owned by other individuals. However, the government has a broader definition. According to the U.S. Census Bureau, a single-family home includes fully detached homes, as well as semi-detached row houses and townhouses. In the case of attached units, the units must be separated by a ground-to-roof wall in order to be classified as a single-family structure. Also, these units must not share heating/air-conditioning systems or utilities.

In some places, a single-family home is defined in part by how many kitchens it has. Depending on zoning laws, adding a second full kitchen to an in-law’s apartment, for example, can cause a house to be redefined as a multi-family building. If you’re planning on doing this type of renovation, be sure to check local zoning laws beforehand.

Whether a home is classified as a single-family or multi-family home can have an impact on the type of mortgages you qualify for. Both single-family homes and two- to four-unit properties fall under residential lending guidelines. (A property with five or more units is considered commercial property.) You can use a conventional mortgage to purchase a home with four or fewer units, whether it’s a single- or multi-family home. If you’re buying a multi-family home with five or more units, you must use a commercial mortgage. Commercial mortgages have different terms than residential mortgages do.
💡 Quick Tip: When house hunting, don’t forget to lock in your home mortgage loan rate so there are no surprises if your offer is accepted.

First-time homebuyers can
prequalify for a SoFi mortgage loan,
with as little as 3% down.

Pros and Cons of a Single-Family Home

As you shop for homes, it’s important to consider the various advantages and disadvantages of a single-family residence.

Some of the advantages are:

•   More space Single-family homes tend to offer more space than other types of housing, and it belongs to you alone. They may have large yards where children and dogs can play or where you can plant a vegetable garden. They may also have storage in attics, garages, or basements, which aren’t shared between multiple units.

•   Privacy Single-family units that don’t share walls with neighbors offer more privacy. You are less likely to hear neighbors’ activities, and they are less likely to be bothered by yours.

•   More design features Single-family homes may be available in a broader range of designs and layouts, from Cape Cods or colonials to ranch homes and contemporary designs. You can also make changes to the building or landscape design without input from neighbors with a shared interest in the space.

•   Room to grow Single-family homes may offer you more options for additions if you have a growing family or if aging parents may come to live with you. For example, single family detached homes with larger plots of land may allow additions that wouldn’t be possible in condo units.

•   May offer higher appreciation Single-family homes tend to appreciate in value more than condos and townhouses.

•   Option to rent As the sole owner of a single-family home, you have the option to rent out the house if you decide to move and wish to hang on to the property.

While these factors are attractive, it’s important to weigh potential disadvantages of buying a single-family home as well. Here are some to keep in mind:

•   More expensive Single-family homes tend to be more expensive than other types of homes. That can mean a larger down payment and higher closing costs, and your mortgage payments may be higher.

•   More maintenance Unless your single-family home is part of a homeowner association (HOA) that provides basic services, you’ll be in charge of all home maintenance like lawn mowing and roof repairs. You’ll either have to take the time to do it yourself or hire help.

•   Possible HOA fees Planned developments usually require HOA fees to cover the upkeep of common areas and shared structures.

•   Less income potential With multi-family homes, you have the option to live in one unit while renting out the others. This allows you to bring in regular income to cover the cost of the mortgage and maintenance expenses.

Finding a Single-Family Home

Before you start looking for a single-family home, you’ll want to first determine how much home you can afford. You might start by calculating mortgage costs and getting prequalified for a home loan; prequalification often only takes a few minutes and provides an estimate of how much you might be able to borrow and at what rate (without impacting your credit).

You’re probably already searching real estate listings online and noting the property types. You might also want to do some research on housing market trends, especially if you live in one of the nation’s real estate hot spots.

You may also want to engage a real estate agent. They have expertise in local housing and zoning laws, know whether a list price is fair or above or below average, and can help you negotiate the price of a home you’re interested in buying.

If there’s any question about how a house is zoned, you can often look up zoning information through a particular city’s website.

Recommended: First-Time Home Buyer’s Guide

Who Should Get a Single-Family Home?

Single-family homes are a good fit for people who can cover the higher price tag, want privacy and flexibility, and are willing to take on a lot of responsibility.

If you qualify as a first-time homebuyer, there may be help available to buy a single-family home in the form of down payment assistance and low- or no-interest loans.

If you’re looking for a more affordable home and don’t mind giving up some privacy, you might want to consider a condo or townhouse.

A condo is like an apartment but is available for purchase. These units share walls with neighboring units, but you generally won’t have to worry about maintaining the property.

A townhouse, on the other hand, has multiple stories and will share one or two walls with other units. Like condos, townhouses are typically less expensive than single-family homes. Unlike a condo, you’ll own the property that the townhouse sits on.

If you’re looking to invest in real estate, you might consider buying a multi-family home. While this will likely cost more than a single-family home, you may be able to recoup the added cost (and, over time, earn even more) by collecting rent from tenants.
💡 Quick Tip: To see a house in person, particularly in a tight or expensive market, you may need to show the real estate agent proof that you’re preapproved for a mortgage. SoFi’s online application makes the process simple.

If You’re Thinking of Purchasing a Single-Family Home, SoFi Home Loans Can Help

Single-family homes are one of the most popular real estate options and often what people envision when they think about achieving the dream of home ownership.

This type of property typically sits on a parcel of private property and doesn’t share walls with neighbors, affording you a high level of privacy. You generally have more control over making enhancements to your home than you have with other types of properties, and usually have access to extra storage, including exterior storage space like a shed or garage.

However, don’t forget to consider the added responsibilities and costs when deciding on the right type of home for you and your family.

Looking for an affordable option for a home mortgage loan? SoFi can help: We offer low down payments (as little as 3% – 5%*) with our competitive and flexible home mortgage loans. Plus, applying is extra convenient: It’s online, with access to one-on-one help.

SoFi Mortgages: simple, smart, and so affordable.

FAQ

How much does a single-family home cost?

The median price for an existing single-family home — one that’s already standing, not new construction — was $387,600 as of November 2023, according to the National Association of Realtors.

How much do I need to build a single-family home?

The cost of building a single-family home (not including land) can range anywhere from $42,000 to $900,000-plus depending on the home’s type and size and where you build. On average, the cost to build a house in the U.S. is about $329,000.

Can you get a loan to build a single-family home?

If you’re planning to build a single-family home from scratch, you can apply for a construction loan. With this type of loan, money is usually advanced incrementally during construction, as the home-building project progresses. Typically, you only pay interest during the construction period. Once the construction is over, the loan amount becomes due, and it is converted into a regular mortgage.

Photo credit: iStock/Dean Mitchell

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Terms, conditions, and state restrictions apply. Not all products are available in all states. See SoFi.com/eligibility for more information.

*SoFi requires Private Mortgage Insurance (PMI) for conforming home loans with a loan-to-value (LTV) ratio greater than 80%. As little as 3% down payments are for qualifying first-time homebuyers only. 5% minimum applies to other borrowers. Other loan types may require different fees or insurance (e.g., VA funding fee, FHA Mortgage Insurance Premiums, etc.). Loan requirements may vary depending on your down payment amount, and minimum down payment varies by loan type.

Financial Tips & Strategies: The tips provided on this website are of a general nature and do not take into account your specific objectives, financial situation, and needs. You should always consider their appropriateness given your own circumstances.

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Source: sofi.com