Gray is a subtle color that can bring sophistication to interiors while also the neutrality that home buyer crave.

“It’s the hot new neutral, a sleek and sophisticated color option that adds refinement to almost any room,” says Debbie Zimmer, a paint and color expert with the Paint Quality Institute. "Walls that are painted gray are great backdrops for almost any style of décor, and gray is such a dignified color that it can elevate the appearance of even the most modest furnishings.”

Zimmer says that gray can be a great color choice for embellishments throughout interiors, such as a gray wash on wood furniture or the fabric in seating.

In her 2014 color forecast, she expects grey to be used more in homes. "We will even see gray's flashier cousin, silver, used as an important accent color," says Zimmer.

Zimmer also predicts “white” to stage a comeback in 2014, with white and off-white back in vogue.

"As with gray, the ease of coordinating furnishings with a neutral hue like white is appealing to almost everyone," she says. "Those who are downsizing will favor white or very light-colored walls to make their new, smaller interiors look more spacious; and for those who may soon put up a 'For Sale' sign, white is the wise paint color to apply before listing a home."

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