Less is more??? Are Americans showing a preference for smaller homes?
According to Trulia’s research department, Americans are showing a preference for smaller homes.
Americans are veering away from the “McMansions” that had grown popular before the recession. Those American adults for whom home ownership is part of the American Dream displayed a preference for smaller homes, with only 9 percent saying their ideal home size is more than 3,200 square feet– the same number of who said they’d like their home to be between 800 and 1,400 square feet. Fifty-five percent of Americans would prefer a home between 1,401 and 2,600 square feet.
Forbes described the trend toward smaller luxury homes back in October of 2008.
My experience is that the larger McMansions are struggling to find buyers who are willing to invest the time, energy and money in upkeep. Moreover, we have found that the enormous spaces so popular in new construction back in the 1990s and early 2000s don’t feel very comfortable.
In 1998, Sarah Susanka wrote The Not So Big House. This book describes a trend toward quality construction over size.
For more information, visit The Russell Nolting Group’s Luxury Homes website.
Category : luxury &Luxury Home Statistics St Louis &Real Estate Sales in St. Louis &St. Louis Real Estate Sales Statistics
