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Source: WRAL News —
With record-high gas prices, a housing market boom and global uncertainty, it hasn’t been an easy transition back to stereotypically normal pre-pandemic living. The Consumer Sentiment Index and Fannie Mae Home Price Sentiment Index (HPSI) bear evidence of this. With concerns of a potential recession and after months of consecutive decline of both indices, the HPSI reached a new all-time low decreasing to 56.7, the lowest reading since the index’s inception in 2011, and only 16% of respondents felt it was a good time to buy a home.
Design is, in many ways, not just about creating beautiful spaces but looking to create an enjoyable environment and one that supports a lifestyle. Being in tune with where people are now and what brings us joy is critical to home design. It is easy to see how a shift in consumer sentiment and lifestyle preferences as a result of Covid and the markets might inform new design trends and help us get a sense of what to expect in the aesthetic for housing.
For this reason, we are taking a look at what trends we may see in the New Year, as many consider what the home of their dreams looks like or what improvements they may want to explore in their current home.
