Pantone’s Color of the Year…Ultra Violet!

Another year, another color. The Pantone Color Institute has selected its 2018 “Color of the Year,” which it expects to influence design choices next year. According to the release, Pantone chose Ultra Violet because it conveys “originality and ingenuity.” They said they are fascinated and intrigued by the shade.

Pantone.com

I can’t disagree. It is a lovely shade of purple, which to me represents a majestic royalty – something or someone who is the best in their field. New apple watches are of a similar color, for example. It’s just a sheer coincidence that I like this color so much and also happen to color all my logos with a similar hue. Total coincidence. Objectivity at its finest!

In all seriousness, it is a really neat color, and I applaud Pantone for its choice. As for using it in a house? I have mixed emotions on that. It is pretty strong, and could freak people out to use such a deep, dark color on walls and other features of a home.

That said, this Houzz article includes some great shots of rooms redecorated with the Ultra Violet hue, and you can see that – if used properly – it would really make certain rooms pop.

From the Pantone website itself, they call the Ultra Violet color (PANTONE shade 18-3838) “a dramatically provocative and thoughtful purple shade.” Executive Director of the Pantone Color Institute, Leatrice Eiseman, says:

“We are living in a time that requires invetiveness and imagination. It is this kind of creative inspiration that is indigenous to PANTONE 18-3838 Ultra Violet, a blue-based purple that takes our awareness and potential to a higher level. From exploring new technologies and the greater galaxy, to artistic expression and spirituatl reflection, ituitive Ultra Violet lights the way to what is yet to come.”

Purple shades are always associated with royalty and artistic excellence (so, again, if someone like, say, you’re real estate agent had a purple logo…just saying!), as made famous by icons like Prince, David Bowie and Jimi Hendrix.
Also according to the Pantone website: “Ultra Violet symbolizes experimentation and non-conformity, spurring individuals to imagine their unique mark on the world, and push boundaries through creative outlets.

Historically, there has been a mystical or spiritual quality attached to Ultra Violet. The color is often associated with mindfulness practices, which offer a higher ground to those seeking refuge from today’s over-stimulated world. The use of purple-toned lighting in meditation spaces and other gathering places energizes the communities that gather there and inspire connection.”

Wow, that’s like a color horoscope, and makes me proud to have a similarly-shaded color scheme to my work!

Why rates went down after 4th Fed increase?

My friend Jay Vorhees at JVM Lending wrote another interesting end-of-year blog recently, regarding rates. Despite the Fed increasing rates for the 4th time in 2017, they are still down. Why is that, and how does it affect you?

In Jay’s blog, he notes that 30-year fixed rates have fallen 1/4 percent over the last year even though the Fed has done four increases. On that note, he asks why the Fed’s rate increases don’t push up mortgage rates?

In response, Jay gives two main reasons:

  1. Short-term rates don’t always affect long-term rates
  2. Many factors (besides the Fed) influence rates

Inflation, geopolitical strife, economic news and demand for credit and bank loans are the other main factors named by Jay. Most of those are very relevant in today’s societal and political climate. Basically, the Fed helps influence rates, but isn’t the sole influencer – if investors are pushed out of stocks or bonds into the other, due to war, a poor week on the stock market, etc., rates will change just as rapidly.

So, what does this mean for you?   Rates are going to continue to fluctuate. They are still low, so if you are considering buying, it might be a good time to get off the fence and make a move in 2018!

Merry Christmas!

I hope everyone has a wonderful Christmas Eve tomorrow and Christmas Day after that. Happy Kwanzaa and Hannukah, as well!

No matter what holiday you celebrate, this is the most wonderful time of year to be with family and friends, eat good food, drink good drink, and to be thankful for what we have in life.

Enjoy your holiday season!

SaveSave

Nordstrom Cafe is a nice spot to snag a quick meal

Getting hungry while doing your holiday shopping? Not to worry! Nordstrom is right in the middle of Broadway Plaza, and has a great cafe that always hits the spot.

Nordstrom Cafe has quality food. I usually get their salads, but they have great entrees and always plenty of good choices for food to take on the run.

And it’s not your standard, run-of-the-mill, in-store cafe, either. They have items like tomato basil soup, shrimp and arugula salad, freshly-prepared pizzas, and delectable sandwich options. Don’t miss Chef Todd Nelson’s daily picks, either.

You really can find fine dining anywhere in Walnut Creek these days! Nordstrom Cafe will give you an easy, quick option for your holiday shopping, especially during rush hour.

I’d highly recommend the  Mixed Berry Chicken Salad or the Chicken Apple & Goat Cheese Salad, but I’ve also tried their soups and salmon entree. It is reasonably priced for the food they serve, too. Can’t beat that!

SaveSave

Newest must-see boutique: Filthy Gorgeous

Can one city have too many boutique stores? Not when it’s the holiday season, and definitely not when the newest redo boutique store in town is one of the coolest ones I’ve seen!

Filthy Gorgeous took over the space on S. California Blvd. and Botelho Dr. next to the Site for Sore Eyes and Jinny’s. It is a small corner that was previously vacant. It is just a few steps away from Broadway Plaza, where it had a store prior to the Broadway Plaza remodel.

Besides the ideal location, Filthy Gorgeous has some truly stunning home decor in their store. You can get anything from furniture, to art, to lighting to the basic home decor. They also run an interior design business, and you can see pictures of ongoing local projects on the website.

The brother-sister team of Jonathan and Tirzah created Filthy Gorgeous together and have grown it into a massive business that has been featured in multiple national outlets and on TV. And now they are back in Walnut Creek!

When I visited, I was really impressed by the style and choices in the store (my favorite items was a Buddha Goddess Head). Someday, I’d like to redecorate certain parts of my house with items from Filthy Gorgeous. Once you visit, you’ll probably want to do the same!

Filthy Gorgeous gets a perfect 5 out of 5 Mt. Diablo’s from me!

SaveSave

Have you been to the Capital One cafe?

Have you noticed the new little cafe next to the Apple Store in downtown Walnut Creek? It’s a Capital One banking cafe – a new concept they’ve imagined in cities around the country.  It took me some time to stop by as it was such an odd concept; banking in a cafe? Here is the company’s blurb about who they are:

Ready for a reimagined banking experience? You’ve come to the right place. Capital One® is a new kind of bank, one that’s built on digital tools and human connections. People are at the heart of everything we do, so we keep the banking experience simple and straightforward

This location gives customers access to financial planning and banking options while grabbing a cup of coffee or tea. The cafe also hosts community events (This Friday, Dec. 15, is Ugly Sweater Day!) and does some philanthropy in the area. Nonprofits, alumni associations and student organizations can book their Private Community Room for meeting space during regular business hours.

They’ve teamed up with Peet’s Coffee and Tea to provide Walnut Creek residents with a great little place to relax while they’re banking or working on their laptops. Now that I have stepped into it, I find it is really a brilliant idea and marketing strategy by Capital One. There is also a cool lounge area with interesting artwork.

They also have a more private nook and conference room should you need it. Jason (pictured below) was very helpful about their concept and even gave me a ticket for a free drink. If you are a Capital One card holder, you get half off your purchases at Peet’s, and everyone can wander in and use the ATM with no fees and get free Wifi.

This slideshow requires JavaScript.

It is also serving a niche for those self-employed folks who need to get out of the home to have a meeting or a quiet  place to work. It is a cool space where you can snag a great cup of coffee, tap free wireless, and work, which might make it worth getting a Capital One card.

SaveSave

Why it may be a really good time to be a borrower

You may have heard of the wild events at the Consumer Financial Protection Bureau (CFPB) recently. My friend Jay Vorhees of JVM Lending had a few words to say about it on his blog, the main points of which are summarized below:

The departing director of the CFPB, Richard Condray, named his deputy, Leandra English, to be his successor. President Trump named his own acting director, Mick Mulvaney. Both claimed to be head of the CFPB, and English sued to nullify Trump’s appointment, but lost.

So, from a real estate perspective, this is what it means for the industry. The CFPB is extremely powerful and was created by the Dodd-Frank Legislation in 2010. It is funded by the Fed and mostly outside the control of Congress. So, the CFPB is well known for being aggressive in auditing and fining, even when offenses had no effect on borrowers.

On that note, Mulvaney – Trump’s appointment – has been openly anti-CFPB, and will likely try to roll back some of the agency’s enforcement efforts. If this holds true, there are two takeaways, or perspectives:

  1. A strong CFPB is necessary to keep the mortgage industry in check and avoid another meltdown like in 2008. It can be countered by pointing out that there are already other factors in place to prevent those abuses, including scrutiny from agencies such as HUD and state agencies.
  2. Lenders and loan officers spend an inordinate amount of time and money to make sure they never endure a CFPB investigation. These efforts often do little to help consumers, and only increase the overall costs of obtaining financing.

A weaker CFPB could result in more free time for lenders and loan officers, and lower borrowing costs for consumers.

Fannie Mae and Freddie Mac also announced their 2018 loan limits, which went up significantly. The “Low Balance” limit for a one-unit property jumped from $424,100 to $453,100 and the “High Balance” limit increased from $636,150 to $679,650.

These jumps allow more borrowers to take advantage of conforming loan guidelines when buying properties in areas with increasing home prices. Combine this with the CFPB appointment, and we may be looking at an incredibly good time to be a borrower!

Also, note the Fed is most likely going to raise interest rates on the 13th and then again in the first quarter of 2018. The market has already taken it into account, and we might see rates drop slightly after the 13th.

SaveSave

SaveSave

SaveSave

Art Town: Master Study, Mount Rosalie

One of the best things Downtown Walnut Creek has accomplished in their art scene is making the electrical utility boxes you see scattered throughout any town look pretty. This is a popular trend in various cities and Walnut Creek  has jumped on the bandwagon!

This particular box is in front of Talbot’s on the corner of Main St. and Olympic Blvd., and is a nice piece of work by Mary Anne Kluth. It is called “Master Study, Mount Rosalie,” and was commissioned in 2014.

Kluth was born in Colorado but lives and works in the Bay Area after earning her MFA at the San Francisco Art Institute in 2008. Her piece was installed as a digital print on this box (as many are), but the original work used a hand-cut archival photo collage and acrylic paint to get this sort of apocalyptic, bizarre but beautiful nature painting.

Mount Rosalie of course is located in Colorado and is now called Rosalie Peak. I used to interpret this as a religious interpretation, but now that I have more knowledge about the piece, I want to go back and look at it in more detail. Note: Gott’s Roadside (future blog) opened Thursday. If you end up there, walk a block over and check out Mount Rosalie.

SaveSave