I think it's a bit difficult to work with coloured furniture and therefore neutral tones work easier. But one would need a really good sense of interior designing to work with bright colours, whether it means paint on the wall or brightly coloured furniture, etc.
If you like it and it suits your home...go for it! It doesn't really matter what anyone else thinks. Some of the world's best interiors designs are great simply because people were willing to try something (colour, décor or whatever) that was a little unconventional.
I don't like others to tell me how to furnish my home. HOME being the operative word, this is the place of respite, the place that reflects your personality, so in my opinion forget trends, just be true to you and go with what makes you want to return to it, and when you do, you can't help but smile.
I've hard Cardinal purple velvet lounge suite which was a recover of the original purple and aqua brocade. I had this suite for years until my cat decided she liked it more than her scratching house so I purchased a beige leather suite and I hate it. Can't wait for it to go so I can enjoy my colours again.