I’ve heard mixed research on whether or not people are interested in smaller houses or larger houses. One thing is clear, the super-sized mansion is not on most buyer’s radar.
I did discover an interesting study that says, “The total number single family homes in the residential building stock in the United States will shrink by four billion square feet in nine years , according to a new study by a subsidiary of Navigant Research. But, the shrinkage is not because buyers want smaller homes. It’s because more people are moving into the cities.
Check out the entire report here: Urbanization is Destroying Single Family Homes.
Tracey C. Velt is a writer, blogger and editorial strategist who specializes
in the business of real estate. For the past six years, she's been writing
and editing for REAL Trends, is the editor of the REAL Trends blog and the editor of LORE magazine. Prior to that, she served as an editor for
Florida Realtor magazine and continues to contribute to multiple real estate
publications, both in print and online.