Thursday, September 22, 2016

the trend is toward smaller homes

These numbers are from a national perspective, but I don't think there's any doubt that, all else being equal, the trend is towards smaller homes..


source: realtor.org

I don't know yet if this is a "want to" thing, because people have re-set their values and are happy with a more-is-less philosophy, or if it's a "have to" thing, because home prices are rising faster than incomes and/or people are still recovering from the Great Recession, and they can only make the move into a different neighborhood if they go smaller.

Time will tell us more.

- Chris Butterworth

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