Paint Trends for 2022

Paint does more than coat the walls of a room. The color you choose can showcase personality, evoke emotion, and even make a space look bigger! That is why once yearly, all the big paint and color companies come out with their colors of the year. Whether you're renovating to sell or want to jazz up your favorite rooms, here are the latest paint trends to consider and how to use them during your next home improvement project.   How Color Influences a Room Believe it or not, there's such thing as the psychology of paint.  Being a simple yet highly effective design tool, paint can evoke mood changes, create a sense of comfort, or trick the eye into thinking the space is larger than it is.  It's all about finding colors that make a room as cozy or spacious as possible and selecting colors that make you feel good. When done right, color can create a remarkable experience, transforming your home into an expression of your style.    Top Paint Trends for 2022 Each year, the top color experts and paint companies choose their "colors of the year" — often drawing on trends in fashion, pop culture, design, and technology from around the globe.  Whether your go-to brand is Behr or Valspar, learning what's trending across the industry can help you make the perfect selection of paints for your upcoming reno or home makeover. Here is what some of the top brands are recommending, plus how you can use these suggestions to enhance the rooms in your house.      1. Benjamin Moore Benjamin Moore's Color Trends 2022 Palette includes 14 hues, offering endless combinations that ensure effortless harmony. These colors were chosen based on their "modern-day relevance and long-lasting appeal." The company's top pick is October Mist, which evokes the silver-green stem of a flower. Acting as a canvas for other colors, this hue allows for plenty of creativity. Other recommendations include: Pale Moon Hint of Violet  Morning Dew Venetian Portico Tips from Benjamin Moore: Choose luminous pales to invigorate your senses Opt for botanical hues when seeking a sense of warmth  Paint with refreshed primaries to let your personal style shine        2. BEHR The BEHR® Colour Trends 2022 Palette offers 20 hues that will "ignite newfound passions and enhance every corner of your home." Breezeway was the top pick, inspired by the hue "where the sea meets the sky." The idea of this color is to bring a breath of fresh air into any space. It is being used on everything from kitchen cabinetry to front doors, bedroom walls, to office walls. For effortless styling, harmonize with shades of white, grey, and natural wood tones.  Utilize BEHR's paint trends for 2022 by decorating:  Flexible spaces (suggested colors include Laural Tree, Perfect Penny, Cracked Pepper, and Lunar Surface) Serene Sanctuaries (suggested colors include Ocean Abyss, Etched Glass, Dark Cobalt Blue, and Nightingale Gray) Natural influences (suggested colors include Basswood, Wild Mustang, Corn Stalk, and Studio Clay)       3. Valspar For 2022, Valspar chose colors that come from nature, intending to bring a calming, comfortable presence into any home. The Valspar Colors of the Year are 12 hues that are both trendy and timeless.  Let's take a closer look at some of these colors. Blanched Thyme — This shade of green pairs perfectly with warmer wood tones to create a balanced, natural look. Trending because of its ability to help you refocus, this color promotes a space that is calming and grounding. In an office, style with a wood desk and other natural elements. In a bedroom or living room, pair with warm tones.  Lilac Lane — This shade of pink is all about uplifting and restoring a space, bringing optimism into any room. Often used as a colorful backdrop, this color is great to feature as an accent wall, livening up your home, but also ideal for an entire room. To style, complement with textured accessories and pops of accent colors.  Rustic Oak — This warm, rich color will bring in a level of sophistication. Reminiscent of shades from the 70s and 90s, warm tones are making a strong comeback. It's stunning when paired with dark wood floors, as this will help ground the shape and add interest.    Other trending colors include: Gilded Linen   Delightful Moon  Mountain River  Orchid Ash  Grey Suit  Subtle Peach  Sunset Curtains  Country Charm Fired Earth    Dive deeper in paint trends for 2022 with these guides: Dulux - 2022 Paint Colour & Design Trends Sherwin Williams - Color of the Year 2022 Graham & Brown - Wallpaper & Color of the Year PPG Paints - 2022 Color Trends   Ready to Make Improvements to Your Home? Whether your home could use a fresh coat of paint or more extensive renovations, we can help connect you with local vendors. Let's Chat

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Year in Review Market Update – 2022

2021 was a record year not only for our area, but the entire United States. Spokane saw the highest appreciation market it’s ever seen with many home sellers receiving offers much above asking, and many home buyers left submitting often a dozen offers until they finally got one accepted. Let’s dig into some of the numbers of this record breaking year!       This year we saw nine thousand and sixteen homes list for sale which was down four percent from 2020 when we saw nine thousand four hundred and eighty seven homes go for sale. This was our first major issue in 2021. Even though that doesn’t seem like a huge difference, this number has been on a downward trend since twenty seventeen when we saw a high of ten thousand six hundred and thirty five homes hit the market that year. This caused increasing pressure on an already low inventory market.      And even though the number of homes sold went down by four percent, the number of homes that successfully closed went up by about one percent for a total of eight thousand two hundred and thirty eight homes successfully closing escrow. So, even in a white hot market like this past year, about seven hundred and fifty homes never sold most likely because they were asking a ridiculous price for the market or a life circumstance changed.     One year ago, the average price of homes sold was three hundred twenty one thousand, three hundred and eleven dollars. Today the average home price is four hundred thousand, six hundred and twelve dollars which is a year over year increase of twenty four point seven percent. This is just nuts that the average homeowner in Spokane made double the average salary here in just one year of owning their home.    I worry that many people will become comfortable with this amount and expect this every year. The stock market also had an incredible year and we hope that people will adjust their expectations for price growth in the next five to ten years as it will most likely slow down - key word slow, not collapse. People will feel like the market is crashing when it is only slowing down and normalizing from what has been a record breaking year so do not let these people scare you.    Inventory remains low as we go into 2022 with only 248 homes and condos on less than one acre currently available, representing about a 10 day supply.     This year the most expensive residential home that sold, meaning any home on less than one acre in Spokane county - was this one right here. Originally listed for one point eight million, this house sold for a quarter of a million dollars over asking, landing at two million, fifty thousand, five hundred dollars.    Of all the residential listings this year in Spokane county, sixty five sold for over a million dollars.    And now to include the most expensive home sold of all homes in Spokane county, including those with as many acres as the eye can see, this home was originally listed for eight million dollars and sold for six million dollars - just a casual nine thousand sq. feet on sixty one acres.     In total, Spokane saw over 4 trillion dollars of real estate sold this year with an average of 3.6 listings per agent in Spokane, which is not a lot!    Briefly - 2022 is set to be another market that is good for home sellers, and hopefully slightly better for buyers. Home buyers' inventory is anticipated to go up slightly, but home prices will continue to go up and interest rates have been proposed to go up 4 times this year and end the year around three point seven percent. This is still historically very low, but significantly higher than a year ago.    Sellers, now is your time. This is a great market for downsizers, someone wanting to use their equity to make an investment in a rental property, or if you’re moving from the area. Your sale will be successful with the right pricing strategy and marketing from a professional. Inventory will pick up, so now is your chance to have your home easily stand out from the crowd.    Ready to Take the Next Step? If you wanna visit or feel like moving in here, I'll be more than happy to assist you.

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Moving to Spokane, WA vs. Coeur D’Alene, ID | Cost of Living Differences

Deciding if you should move to Spokane or Coeur D’Alene is like picking between your two favorite children. You love both of them but they have different beautiful qualities that make them special in their own way. Today we’re going to focus on where your money will go when you live in these two cities to hopefully help you make a better financial decision for your situation.   For being only a 40 minute drive from downtown Spokane to Downtown Coeur D’alene, there’s actually quite a bit of difference in the cost of living once you cross the border.    These very differences are why the traffic coming into Spokane during morning rush hour and leaving Spokane during evening rush hour are so bad. For a long time, people were living in Idaho and working in Washington because it had the most financial benefit. Higher wages in Washington, lower cost of living in Idaho. Now this is all anecdotal from my perspective and personal experience, but I think most people from around here would agree. This stigma still holds true because that rush hour traffic has just gotten worse and worse over the years to where there truly is stand still traffic on I-90 during rush which to us locals has been a crazy thing to watch.    This blog post is meant to provide some numbers to this stigma. Is it actually cheaper to live in Idaho? Will you actually make more money in Washington? Is that 40 minute drive both ways (and that’s with no traffic by the way) worth it for you and your family?     1. HOUSING The median age of a home in Spokane is 52.5% older than the median age of a home in Coeur d'Alene.  General Details Spokane, WA Coeur d'Alene, ID United States  Median Home Age 59 28 41  Median Home Cost $335,100 $476,800 $291,700  Home Appr. Last 12 months 26.3% 31.1% 15.0%  Home Appr. Last 5 yrs. 95.7% 97.3% 42.4%  Home Appr. Last 10 yrs. 125.5% 170.4% 77.0%  Homes Owned 51.1% 48.7% 56.2%  Housing Vacant 7.5% 6.7% 12.1%  Homes Rented 41.4% 44.7% 31.6%   2. RENT The Average Rent For Home or Apartment is 2.23% cheaper in Spokane than Coeur d'Alene.  Average Rent For Home Or Apartment Spokane, WA Coeur d'Alene, ID United States  Average Rent $1,332 $1,362 $1,681  Studio Apartment $636 $676 $949  1 Bedroom Home or Apartment $722 $774 $1,048  2 Bedroom Home or Apartment $938 $959 $1,278  3 Bedroom Home or Apartment $1,332 $1,362 $1,681  4 Bedroom Home or Apartment $1,584 $1,641 $1,950   3. INVENTORY  Vacant Housing Spokane, WA Coeur d'Alene, ID United States  Vacant For Rent 1.6% 1.6% 2.0%  Vacant Rented 0.4% 0.2% 0.4%  Vacant For Sale 0.9% 0.9% 0.9%  Vacant Sold 0.3% 0.4% 0.5%  Vacant Vacation 0.6% 2.3% 4.0%  Vacant Other 3.7% 1.3% 4.3%    Owner-Occupied Housing Value Spokane, WA Coeur d'Alene, ID United States  Less Than $20,000 1.5% 2.8% 2.7%  $20,000 to $39,999 0.9% 3.5% 2.7%  $40,000 to $59,999 0.6% 1.4% 3.4%  $60,000 to $79,999 2.8% 1.2% 4.7%  $80,000 to $99,999 4.9% 1.1% 5.5%  $100,000 to $149,999 21.0% 7.6% 13.3%  $150,000 to $199,999 23.2% 22.2% 14.0%  $200,000 to $299,999 24.8% 31.6% 19.6%  $300,000 to $399,999 10.8% 15.8% 12.2%  $400,000 to $499,999 4.5% 6.5% 7.1%  $500,000 to $749,999 3.6% 3.4% 8.2%  $750,000 to $999,999 0.8% 1.8% 3.2%  $1,000,000 to $1,499,999 0.2% 0.6% 1.8%  $1,500,000 to $1,999,999 0.0% 0.0% 0.7%  $2,000,000 and over 0.2% 0.6% 0.9%    Housing Units By Year Built Spokane, WA Coeur d'Alene, ID United States  2015 and Newer 1.7% 5.8% 2.5%  2010 to 2014 1.9% 4.1% 2.7%  2000 to 2009 8.4% 21.8% 14.0%  1990 to 1999 9.7% 20.1% 13.9%  1980 to 1989 7.4% 9.0% 13.4%  1970 to 1979 13.7% 17.6% 15.2%  1960 to 1969 9.7% 20.1% 13.9%  1950 to 1959 14.4% 4.8% 10.3%  1940 to 1949 9.7% 2.7% 4.9%  1939 or Earlier 26.6% 9.9% 12.6%   4. TAXES & COST OF LIVING Spokane's tax rate is 27.85% higher than Coeur d'Alene and 0.2% than US Average. Property Tax Spokane, WA Coeur d'Alene, ID United States Property Tax Rate $11.2 $6.2 $11.4   General cost of Living Spokane, WA Coeur d'Alene, ID United States  Overall 92.3 106.2 100  Food & Groceries 98.8 101.7 100  Health 83.1 95.9 100  Housing 94.2 139.8 100  Median Home Cost $217,900 $323,200 $231,200  Utilities 78.2 80.1 100  Transportation 91.1 80.3 100  Miscellaneous 97.9 99.1 100 100 = National Average (Below 100 means cheaper than the US average. Above 100 means more expensive.)   5. HEALTH CARE - There are 231 physicians per 100,000 people in Coeur d'Alene.- There are 241 physicians per 100,000 people in Spokane.- The US average is 210 physicians per 100,000 people.  Factors Affecting General Health Spokane, WA Coeur d'Alene, ID United States  Air Quality 44.4 52.6 58.4  Water Quality  38 48 55  Superfund Sites  73 88.7 86.9  Physicians per Cap. 241 231 210  Health Cost 83 96 100 (100 = best)   6. FUTURE GROWTH - Job Growth in Coeur d'Alene has been positive.- Coeur d'Alene has 1.7% more unemployment than Spokane.- Coeur d'Alene job growth has increased by 22.0% in the past 10 years.  Job Market Spokane, WA Coeur d'Alene, ID United States  Current Unemployment 6.6% 4.9% 6.0%  Future Job Growth 33.4% 44.7% 33.5%  Recent Job Growth -2.7% -2.0% -6.2%  3 Yr. Job Growth 2.5% 2.3% -3.6%  5 Yr. Job Growth 7.6% 7.4% -0.7%  10 Yr. Job Growth 6.0% 22.0% 6.3%   7. POPULATION - Coeur d'Alene is 0.9% more densely populated than Spokane.- People are 8.8% more likely to be married in Coeur d'Alene.- The Median Age is 0.6 years older in Coeur d'Alene.  People Spokane, WA Coeur d'Alene, ID United States  Population 222,050 53,354 329,484,123  Female Population 51.3% 50.4% 50.8%  Male Population 48.7% 49.7% 49.2%  Median Age 35.8 36.4 37.8  Married Population 44.4% 48.3% 50.2%  Population Density 3,229.0 3,346.1 93.3  Land Area 68.8 15.9 3,531,905.4  Water Area 0.7 0.7 264,836.8  Household Size 2.32 2.35 2.63  Households 88,683 20,090 118,825,921  Family Households 50,538 11,965 78,298,703  Married couple, w/children 28.6% 29.6% 31.1%  Married couple, no children 40.6% 44.1% 42.3%  Non Family Households 38,145 8,125 40,527,218  Single householder, w/children 21.2% 17.9% 16.3%  Single householder, no children 9.5% 8.4% 10.3%   Ready to Take the Next Step? If you wanna visit or feel like moving in here, I'll be more than happy to assist you.

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