Hot 2018 Decor Trends are Here and HouseBeautiful has 16 decorating tips that will make your home trending in the New Year!!
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16 Décor Trends That Are Going to Be Hot in 2018
The Denver Post published this article showcasing how Denver is in the top 10 cities that have seen the largest income gains since the recession, most notably because of its increase in tech jobs across the area. Learn more below:
Denver among the 10 U.S. metro areas with largest income gains since the recession
Thriving cities are leaving others behindBy CHRISTOPHER S. RUGABER | The Associated PressPUBLISHED: December 16, 2017 at 9:32 pm | UPDATED: December 17, 2017 at 2:21 pm
As the nation’s economy was still reeling from the body blow of the Great Recession, Seattle’s was about to take off.
In 2010, Amazon opened a headquarters in the little-known South Lake Union district — and then expanded eight-fold over the next seven years to fill 36 buildings. Everywhere you look, there are signs of a thriving city: Building cranes looming over streets, hotels crammed with business travelers, tony restaurants filled with diners.
Seattle is among a fistful of cities that have flourished in the 10 years since the Great Recession officially began in December 2007, even while most other large cities — and sizable swaths of rural America — have managed only modest recoveries. Some cities are still struggling to shed the scars of recession
IN LAS VEGAS, HALF-FINISHED HOUSING DEVELOPMENTS, RELICS OF THE HOUSING BOOM, POCKMARK THE SURROUNDING DESERT. FAMILIES THERE EARN NEARLY 20 PERCENT LESS, ADJUSTED FOR INFLATION, THAN IN 2007.
The Associated Press
Change in employment by metro areas. (Click to enlarge)In the decade since the recession began, the nation as a whole has staged a heartening comeback: The unemployment rate is at a 17-year low of 4.1 percent, down from 10 percent in 2009. Employers have added jobs for 86 straight months, a record streak. And last year, income for a typical U.S. household, adjusted for inflation, finally regained its 1999 peak.
Yet the rebound has been uneven. It’s failed to narrow the country’s deep regional economic disparities and in fact has worsened them, according to data analyzed exclusively for The Associated Press. A few cities have grown much richer, thanks to their grip on an outsize share of lucrative tech jobs and soaring home prices. Others have thrived because of surging oil and gas production.
But many Southern and Midwestern cities — from Greensboro, North Carolina, to Janesville, Wisconsin — have yet to recover from the loss of manufacturing jobs that have been automated out of existence or lost to competition from China, before and during the recession. Like others, they have fewer jobs and lower household incomes than before the downturn.
Those disparities complicate the rosy picture painted by most nationwide economic data. With the nation enduring a widening wealth gap, an overall robust U.S. economy doesn’t necessarily translate into widely shared prosperity.
“There’s definitely a pattern of the coasts pulling away from the middle of the country on income,” said Alan Berube, an expert on metro U.S. economies at the Brookings Institution. “There are a large number of places around the country that haven’t gotten back to where they were 15 years ago, never mind ten years ago.”
That said, for all the economic might the top-flight cities have gained in the past decade, many city officials and business leaders have become concerned that their success is running up against limits. Surging home prices and rents have made housing unaffordable for many. With cities like Seattle and San Francisco choked with traffic, engulfed by homeless people and requiring ever-larger incomes to live comfortably, quality of life may be at risk.
In the Western United States, inflation reached nearly 3 percent in October compared with a year earlier, according to government data. By contrast, inflation rose just 1.5 percent in the Midwest and New England.
“It’s the first time I have noticed a persistent spread between inflation in one area and the rest of the country,” says Steve Cochrane, an economist at Moody’s Analytics who has studied regional economics for 25 years.
Mindful of the financial burden on employees, some tech companies have decided to set up shop or expand where expenses are more manageable. Snapchat and Hulu have put down roots on the slightly more affordable west side of Los Angeles, joining outposts of Google and Facebook in an area now known as “Silicon Beach.”
Last year, nearly as many people moved out of Silicon Valley — defined as Santa Clara and San Mateo counties — as moved in, according to a report by Joint Venture Silicon Valley, a civic group. It was the first time since 2010 that the number of arrivals and departures have been roughly equal.
The trend isn’t entirely surprising given that commuting times in San Francisco have lengthened by 40 minutes a week in the past decade, the report said. The price of a typical San Francisco home has reached an eye-watering $1.2 million, according to Trulia, an online real estate data provider.
Housing costs, inflated by local regulations restricting home-building, can act as a barrier to opportunity. They make it harder for people in poorer areas to move for better opportunities. With fewer people able to move to places with more jobs and higher pay, the national economy tends to suffer, economists say.
Among the nation’s 100 largest metro areas, San Francisco experienced the biggest gain in median household income in the decade after the recession began. Adjusted for inflation, it jumped 13.2 percent, according to data compiled by Moody’s Analytics. San Jose, which is part of Silicon Valley, enjoyed the second-largest increase, at 12.7 percent, followed by Austin, Texas, with 8.8 percent.
By comparison, median household income in the 100 largest metro areas actually fell 2.7 percent, on average. And the income gap between the 10 richest and 10 poorest metro areas has widened in the past decade, Moody’s data shows.
The Associated Press
Income inequality between cities. (Click to enlarge)Eight of the 10 cities with the largest income gains are “tech hubs,” with heavy concentrations of software architects, data analysts and cloud-computing engineers. They include Denver, Portland, Oregon; Provo, Utah; and Raleigh, North Carolina.
Pittsburgh has experienced the ninth-largest income gain, thanks to increased tech and health care jobs. Oklahoma City, where inflation-adjusted incomes are up 5.5 percent, has benefited from the oil and gas boom.
Most Americans haven’t received raises anywhere near that large. Data compiled by Brookings shows that 65 percent of Americans who live in urban areas — defined as cities with populations above 65,000 — live in places where the typical household income is still below its 1999 level.
Max Versace, CEO of artificial intelligence startup Neurala, who arrived in Boston in 2001 from Italy, has watched the city transform itself into a boomtown, filled with innovative companies working on robotics, AI and self-driving cars. Boston enjoyed the 11th-best income gain in the past decade, Moody’s data shows.
“I have never experienced a slowdown in Boston,” said Versace, whose company is based in Boston’s Seaport neighborhood, a formerly rundown industrial area now crowded with startups and high-end restaurants. “Boston is one of those bubbles — good bubbles — that have been saved by the two locomotives of computer sciences and biotechnology.”
Versace launched Neurala in 2013, and it now has 36 employees, including eight with PhDs. While most workers across the country have endured scant pay gains, Versace estimates that salaries for AI researchers with Ph.D.’s have doubled since 2008.
Neurala is working to incorporate AI in drones, including one aimed at energy firms that will use its technology to spot cracks in pipelines or wind turbines without needing humans to monitor video feeds.
One other change Versace is happy to observe: “I no longer have to spit out espressos or pasta,” because the quality of each has improved so much since he arrived.
The divergence between the richest and poorest U.S. cities predates the Great Recession. But it is historically unusual. For a period of 100 years ending in the 1980s, income gaps between richer and poorer cities narrowed steadily.
Economists cite three reasons why such convergence ended. The nature of high-tech work, for one thing, makes it productive for higher-skilled workers to cluster in the same cities.
Elisa Giannone, an economist at the University of Chicago, notes that in past decades, highly paid professionals — doctors, say — might have congregated in cities with fewer physicians to capitalize on the lack of competition and earn more. Likewise, many companies that employed high-skilled workers would move to lower-cost cities to take advantage of cheaper labor.
But her research has found that both trends have been upended by the rise of highly skilled information technology work. People with such skills prefer to work in cities with their peers. And the companies that employ them seem to care just as much about the right skills as they do about lower costs. What’s more, higher educated employees typically become more efficient when they cluster together and exchange ideas.
“It’s more beneficial and more productive to go where there are more people like me,” Giannone says, referring to how such workers think. “I don’t want to be left out.”
Jed Kolko, chief economist at Indeed, the job listings website, calculates that one quarter of tech job openings in the first half of this year were located in just eight tech hubs: Baltimore, Washington, Boston, San Jose, San Francisco, Seattle, Austin and Raleigh, North Carolina.
A second factor is swelling home prices and rents, particularly where regulations make it harder to build more. People in poorer areas often used move to wealthier cities to find better opportunities. Now, that option is increasingly available only to those with advanced skills or education.
Two public policy experts, Peter Ganong and Daniel Shoag, concluded in a paper last year that both janitors and lawyers used to fare better financially in New York City than in poorer cities, even accounting for the higher cost of living.
Now, because of rocketing home prices in richer areas, that’s no longer true. Lawyers can still come out ahead. But janitors and other lower-skilled workers don’t.
“Skilled workers move to high cost, high productivity areas, and unskilled workers move out,” Ganong and Shoag wrote.
In the 10 cities with the fastest income growth, housing prices have soared by an average of 31.1 percent in the past decade, Trulia found. That compares with a national average increase of just 5.1 percent.
One result has been huge wealth gains for a fortunate few. A resident of San Francisco who bought a typical home, paying nearly $816,000 in the spring of 2007 — just as the housing market nationwide was collapsing — has gained $365,000 in the past decade.
In Cincinnati, a homeowner who bought at the same time would have paid just $143,000 but would have gained only $6,500.
“Geography plays a critical role in wealth building,” said Ralph McLaughlin, chief economist at Trulia.
A final factor behind the diversion is that the industries and occupations in slower-growing regions were leveled by the recession. Manufacturing and mining are disproportionately located in red states. So are retail jobs. All those sectors have endured weak growth since the recession.
Robin Brooks, an economist at the Institute of International Finance, a trade group, says those job losses have opened a gap between so-called “red” states, which voted for Donald Trump in 2016, and “blue” states.
About 61 percent of blue state residents have jobs, compared with roughly 59 percent in red states, Brooks found. That cuts against recent historical patterns: From the 1990s through the mild recession of 2001, there was no gap at all.
Despite the persistence of regional inequality, some positive trends have emerged: More tech jobs are moving out of the tech hubs and spreading around the country. Software programming jobs have migrated to Dallas, Detroit, and Charlotte, among other cities, according to Brookings data. Software increasingly plays a vital role in banking and finance, auto manufacturing, and retail.
But many of those tech jobs are lower- or mid-level positions, such as technical support and help desk jobs, rather than higher-paying, cutting-edge positions. Kolko notes that the most highly-skilled tech jobs — in such areas as machine learning, a form of artificial intelligence; computer vision; and database engineering — are even more concentrated in tech hubs than are tech jobs overall.
“There’s a spreading out of the tech economy, but it remains a different tech economy in the middle of the country than what you find in the Bay Area, Boston, New York and Austin,” Berube said.
Software may be more widely used, but when it comes to actually inventing new software, “that is still a phenomenon you find in only four of five places in the United States.”
AP Writers Gene Johnson in Seattle and Matt O’Brien in Boston contributed to this report.
To my Clients,
Thank you for another great year! I look forward to 2018 and being able to help more more buyers, sellers and those looking to relocate or invest achieve their goals in a stress-free environment. If you or someone you know is looking for a realtor, know that I am here to provide the best service and support possible.
I am an experienced real estate professional, serving Boulder and Broomfield County in addition to Denver metropolitan area.
My extensive knowledge of the market, coupled with my commitment to provide extraordinary service, has resulted in hundreds of successful transactions over the last eleven years. For clients looking to sell properties, I deliver fast and profitable results. I am highly attentive with active and consistent communication. I negotiate collaboratively, but aggressively to represent the best interest of my clients.
Choosing the right Real Estate professional is a big life decision. It’s important to select a partner who provides all of the critical support you’ll need to successfully complete your real estate transaction.
Please contact me with any questions. I am available 7 days a week. Together, I look forward to working with you to sell your property.
Gord Collins summarized his predictions for the 2018 housing market. With a good economy and a lot of new construction, things are looking good. But, on the other hand, prices could increase with less labor and higher lumber. Collins will answer if you should sell or buy in the new year, the best cities to find a home for sale that will give you a good return and much more.
Read the full article The US Real Estate Forecast 2018 to 2020
The US Real Estate Forecast 2018 to 2020November, December, January and the coming spring 2018 real estate season should be interesting times. The economy is solid, trade deals look okay, new construction is active and recovering from the hurricanes in Texas and Florida, and the California fires.
Labor shortages and higher lumber costs are looming which could mean house prices could rise, and perhaps fewer resale houses will be for sale. If you’re buying or selling, check out the factors that will affect the housing market for the next 5 years.
Denver is trending to be #23 on the list of top cities in 2018. Topping the list is Seattle, Austin and Salt Lake City.
Visit Emerging Trends in Real Estate U.S. and Canada to get the full list and summary of top cities to live.
Markets to watch in 2018Now in its 39th year, Emerging Trends in Real Estate is one of the oldest, most highly regarded annual industry outlook for the real estate and land use industry. The market outlooks included in each edition are based on an extensive survey, multiple interviews, and individual market focus groups. Readers’ interest in all markets continues to increase, so the 2018 edition provides a regionally based look at all 78 markets included in this year’s survey. Throughout the report, we’ll explore a variety of trends we’re seeing in the industry, as well as analyze the prospects for 78 metropolitan markets for the coming year.
Denver and Colorado as a whole are rapidly changing, growing and turning from what I remember being a sleepy, dark, quite city to a bustling, trendy place filled with hipsters and new ideas. The city itself is making a major shift. The Highlands, for example, used to be a neighborhood filed with crime. I remember when my cousin told us he was moving to the "new up and coming Highlands," my family was very concerned, because they remembered this neighborhood as one that you did not go to at night. And yet, with parks, food trucks, restaurants that have been featured on the food network, live music and high end apartments and homes, the Highlands is slowly leaving behind it's negative connotation. This is no different from the RiNo neighborhood either. Another crime ridden section on Denver, more notably referred to as Five Points, RiNo has become a swanky neighborhood for young professionals. Urbanist wrote an article about other neighborhoods, a little less known than the Highlands, that are rising in ranks and becoming great places to live.
Read the full article!
1. Harvey Park still has affordable housing compared to the rest of the Denver market. Transportation with easy accesibligy, buses and bikes is easy and the park itself offers an oasis. With trails, open space and lakes, this southwest neighborhood lets you escape the city's hustle.
2. Cole is a historic neighborhood that is transforming. With remodeled Victorian homes, a close location to downtown and affordable prices, this is becoming a great starter neighborhood for first time buyers.
3. East Colfax, like the Highlands, is transforming. Still holding onto its crime ridden name, people still might feel hesitant to the area. But, Colfax is the next hotspot for redevelopment close to downtown Denver.
4. Chaffee Park in Northwest Denver has become one of Denver's safer neighborhoods with affordable prices and an accessible location.
Looking for that memorable moment this holiday season? The historical Brown Palace in downtown Denver was open on August 12, 1892. This elegant hotel is most notable amongst the industrialization, as it takes you back in time to the days of the Wild West. Henry Cordes Brown purchased the land for his cows to graze on and later donated part of the land to the State Capitol building and part of his money to the city's library. With the help of Frank E Edbrooke, Brown built his Palace Hotel on the remaining land beginning in 1888. Today, this hotel offers a pleasant stay, an array of history and a royal afternoon tea for its guests to enjoy. Celebrate the holidays with friends or family by treating yourself to a truly decadent experience. Please note, Afternoon Tea fills up quick, so be sure to make a reservation ahead of time!
Afternoon Tea at The Brown PalaceEXPERIENCE THE TRADITION IN OUR DENVER TEA ROOMNo visit to our luxury hotel in Denver is complete without experiencing afternoon tea at The Brown Palace. Complete with herbal teas, scones, and finger sandwiches, our Denver tea room provides guests the opportunity to witness the unique longstanding tradition that is afternoon tea in Denver.
With Devonshire cream shipped directly from England and the soft sounds of a harpist or pianist floating in the air, this is truly an experience you won't soon forget.
The Brown Palace's Afternoon Tea Hours:
The Flagstaff House, located up Flagstaff Rd, just 5 minutes up the mountain from Boulder, offers award winning cuisine and a dining experience not to miss. This holiday, why not gift your loved ones with a memorable meal out? With a multi-course meal, beautiful views of Boulder and an award winning wine selection, you will be sure to relax, enjoy good company and not have to do the dishes after. Read our other blog about the Flagstaff House below:
Exquisite Dining: Flagstaff House
Located just 5 minutes from Boulder, Flagstaff House sits at 6,000 ft on the mountainside of the beautiful Boulder Flatirons. Originally a cabin built as a summer home, the Flagstaff House transformed to a venue for special events and later became an upscale restaurant in 1954. In 1971, the current owners, the Monette family, bought the restaurant and transformed it into the elegant restaurant it is today. With plenty of renovations and extra love, this restaurant offers not only beautiful views of Boulder, but an award winning wine list and exceptional French-American food.
The restaurant won Best American Food in the 2016 Boulder County Gold Awards, the Wine Spectator Grand Award 32 years in a row and features a chef who recently was named Chopped Champion on the Food Network show; Chopped.
So, treat yourself, dress up and enjoy a night out at this Boulder staple. You can host a private party, join the restaurant for special tasting events, enjoy a drink on the terrace or enjoy decadent multi-course meals at Flagstaff House!
For more information visit Flagstaff House
I am a real estate professional, serving Boulder and Denver, Colorado. My extensive knowledge of the market, coupled with my commitment to provide extraordinary service, has resulted in hundreds of successful transactions. Let me help you buy or sell your home.