Those kitchen cabinets may soon get pricier.

A new law recently signed by President Obama limits the amount of formaldehyde used in U.S. products. Formaldehyde can be found in the glue that holds wood together, often used in furniture, cabinets, and inexpensive wood products.

While the new law will make furniture greener — and safer to your health — some furniture-makers will likely need to increase the cost of their products as they explore an alternative to using formaldehyde. Some industry experts predict that furniture pricetags may increase anywhere from 5-15 percent on items that currently contain the formaldehyde-based glue. 

In high doses, formaldehyde can be dangerous to your health. Health experts have linked it to respiratory problems and even cancer.

The health dangers of formaldehyde gained widespread attention after trailers for victims of Hurricane Katrina were banned when some victims experienced respiratory problems from the formaldehyde used in the trailers’ walls, cabinets, and ceilings, according to a recent article in USA Today (Furniture to be Greener, But Pricier by Jayne O’Donnell).

It could be at least three years before all products sold in the United States must meet the new guidelines, which limits formaldehyde emissions to 0.09 parts per million or less. In California, which paved the way for the federal law, furniture stores must comply sooner — Dec. 31, 2011.

http://styledstagedsold.blogs.realtor.org/2010/07/30/new-law-likely-will-lead-to-higher-prices-for-furniture/#more-1555

With temperatures reaching record highs throughout the U.S., thoughts of autumn seem but a woeful wish. The fall season evokes thoughts of home and hearth, as families and friends eagerly anticipate re-connecting with one another amid busy lives.

Of course, most want a home design and décor that will impress, and help de-compress, impending company – one with that autumn sensibility that exudes comfort and warmth … and duly stimulates the senses.

With this in mind, here are 10 top home design and décor trends for fall: 

Photo Credit: Elaine Williamson Designs

1. Vintage accents. What’s old is new again. French-burlap is no longer just for sack-racing. This Earth-friendly fiber is being used for chic pillows imprinted with a vintage stamped design or even a family initial.

Accent chairs can also be seen covered in gray linen imprinted with vintage “document” script writing. Vintage couture lamps (and their replicas) are utter perfection this year, especially those with milk glass and natural material bases, drum shades, and antique brass finials.

Aged, color-washed wood accessories such as candlesticks, urns, and bowls are popular as oversized accessories to accent and update a time-worn look.

2. Wallpaper! With a decreasing demand for faux finishes and walls painted in solid primary colors, wallpaper is making a comeback in a big and decidedly fashionable way. 

From bright and bold to subdued and elegant, today’s wallpapers are easy to apply and even easier to remove, making updating the seasonal look of a room easier than ever before. here are a seemingly endless number of choices from solids to patters, and everything in between. 

Photo Credit: Elaine Williamson Designs

3. Timeless art. When shopping for items to occupy wall space, ditch the quick fix, “matchy-matchy” picture. Art doesn’t have to be expensive but it should certainly have meaning. Buy what you love. Mix mediums and styles. To add depth and character to your pieces, forego the glass cover that can be distracting and casts a glare that actually detracts from your interior design.

4. Elemental color. While neutrals have made a strong showing in design this year for primary design elements like walls and baseline furnishings, boldly colored accent pieces give a space visual interest and appeal.

Brightly colored and/or patterned pillows, rugs and other accessories will bring an otherwise bland space to life. Of course, these accessories can be readily transitioned to exude the spirit of a given season.

5. Space simplification. With a strong desire to ease and reprioritize our homes and lifestyles, de-cluttering — even with respect to editing down furnishings and accessories — is the best way to gain control of your surroundings and feel a refreshed sense of purpose.

It is very important to streamline not only the lines of your furniture, but the bulkiness as well. But, this does not mean giving up comfort for style. Many times we place too many items in a room by way of accessories, pillows, throw rugs, and family photos.

Pick and choose very carefully the most important items and then pare down from there. There is brilliance in restraint.

6. Rug rage. There has never been a more exciting time than now in the area rug industry. Whatever style, shape, and design you can imagine is within your reach.

Even if a space has wall-to-wall carpeting, place an area rug to establish a layered look and add depth and personality to a room and also tie in other disparate color components. A rug’s color palette and pattern can easily establish the desired style and tone of a season. 

Photo Credit: Elaine Williamson Designs

7. Bed basics. Bedding has also changed this year. The pomp and circumstances of overstuffed pillows that seem to multiply in the night are out. Way out.

Exquisite, neutral colored linens are in, especially when paired with a luxurious top blanket and a clean lined duvet.

For those who desire more color that’s representative of fall or any other season, indulge in two medium sized pillows placed in front of each sham. 

Photo Credit: Elaine Williamson Designs

8. Pillow talk. Today’s pillow designs offer an array of textures, colors, shapes, sizes, and accents, and can completely transform a room’s aesthetic. Accordingly, pillows have become the ultimate interior design accessory, especially since they are so versatile.

Choose an assortment of pillows for the spring and summer and other set for the fall and winter. This is an easy way to seasonally transition a room in an easy and budget-friendly way.

Also, resist the urge to “karate chop” pillows to give them a center crease as this look is not style savvy.

9. Window treatments. While many love luscious fabrics, an overuse of material on your windows can quickly overpower an otherwise streamlined room. Linen panels are now very trendy since they beautifully outline and soften windows. This classic and timeless fabric is now available in a staggering array of colors to coordinate with any interior palette.

10. Brass. Yes, brass is back but a bit older and wiser. Antiqued brass and even antiqued gold have both made a large comeback on everything from drapery rods, to cocktail tables, to door and cabinet knobs to décor figurines.

The light reflecting surface of brass adds warmth, glow and movement to a space and, thus, is perfect in a room with a fireplace.

http://styledstagedsold.blogs.realtor.org/2010/08/23/10-autumn-home-design-decor-trends/

The most affordable city in the United States is Syracuse, N.Y., according to the latest Housing Affordability Index from the National Association of Home Builders and Wells Fargo.

The index considers a home affordable if a family would have to pay no more than 28 percent of take-home pay for housing expenses.

Here are the five areas where housing exceeds this benchmark and the median property prices:

• Syracuse, N.Y., $88,000
• Indianapolis, $113,000
• Detroit, $85,000
• Youngstown, Ohio, $74,000
• Buffalo, N.Y., $112,000

Source: CNNMoney.com, Les Christie (08/20/2010)

The trend in firming home prices solidified in the second quarter with more metropolitan areas showing increases from a year ago, aided by a surge in home sales driven by the home buyer tax credit, according to the latest survey by the National Association of REALTORS®.

In the second quarter, 100 out of 155 metropolitan statistical areas (MSAs) had higher median existing single-family home prices in comparison with the second quarter of 2009, including 14 with double-digit increases; two were unchanged and 53 metros showed price declines. In the first quarter of this year 91 areas had higher prices, while only 26 MSAs experienced annual price gains in second quarter of 2009.

The national median existing single-family price was $176,900 in the second quarter, up 1.5 percent from $174,200 in the same period of 2009. The median is where half sold for more and half sold for less. Distressed homes accounted for 32 percent of second quarter sales, down from 36 percent a year ago.

Lawrence Yun, NAR chief economist, says the correction in home prices appears to have ended in 2009. “All year we’ve been seeing relatively flat national home prices, which appear to be supported by market fundamentals,” he said. “Prices in some areas remain below replacement construction costs, so even with an elevated supply of existing homes on the market we don’t expect any consequential movement in home prices for the foreseeable future. Very low inventory of newly built homes also will help to support home values.”

Yun urged caution on interpreting price data. “The median price is influenced by the mix of homes that were sold and do not reflect pure appreciation or depreciation,” he says. “The recorded home prices in many markets were significantly depressed last year because of a large percentage of distressed homes sold at discount. Now as more normal, non-distressed home sales are occurring, the median price in many areas is showing higher values.”

Total state existing-home sales, including single-family and condo, rose 9.1 percent to a seasonally adjusted annual rate of 5.61 million in the second quarter from 5.14 million in the first quarter, and were 17.3 percent above the 4.78 million-unit pace in the second quarter of 2009.

Sales increased from the first quarter in 44 states and the District of Columbia; 47 states and D.C. had increases over year-ago sales levels.

NAR President Vicki Cox Golder says record low mortgage interest rates will help cushion a summer slowdown. “As expected, sales are slowing down now that the home buyer tax credit has expired, but record-low mortgage interest rates, along with stable and affordable home prices in most areas, provide opportunities for buyers who weren’t able to take advantage of the credit,” she said.

According to Freddie Mac, the national average commitment rate on a 30-year conventional fixed-rate mortgage was a record low 4.91 percent in the second quarter, down from 5.00 percent in the first quarter; it was 5.03 percent in the second quarter of 2009.

“Job creation will give home buyers more confidence, but the market over the next few months is likely to be below what we would expect for the size of our growing population,” Golder says. “With improving bank balance sheets, credit restrictions should gradually improve ."

In the condo sector, metro area condominium and cooperative prices – covering changes in 55 metro areas – showed the national median existing-condo price was relatively flat at $175,700 in the second quarter, down 0.5 percent from the second quarter of 2009. Twenty-six metros showed increases in the median condo price from a year ago and 29 areas had declines; the first quarter of 2010 showed 24 metros up, while only four metros saw annual price gains in second quarter of 2009.

• Northeast: Regionally, the median existing single-family home price in the Northeast declined 3.2 percent to $238,000 in the second quarter from a year earlier. Existing-home sales in the Northeast jumped 14.9 percent in the second quarter to a level of 980,000 and are 23.6 percent above the second quarter of 2009.
• Midwest: In the Midwest, the median existing single-family home price increased 1.4 percent to $148,500 in the second quarter from the second quarter of last year. Existing-home sales in the Midwest rose 14.5 percent in the second quarter to a pace of 1.30 million and are 20.9 percent above the same period in 2009.
• South: In the South, the median existing single-family home price slipped 2.0 percent to $155,500 in the second quarter from the second quarter of 2009. Existing-home sales in the South increased 10.9 percent in the second quarter to an annual rate of 2.10 million and are 18.8 percent above a year ago.
• West: The median existing single-family home price in the West rose 2.6 percent to $219,700 in the second quarter from a year ago. Existing-home sales in the West fell 2.6 percent in the second quarter to an annual rate of 1.23 million but are 7.6 percent higher than the second quarter of 2009.

— NAR