Associated Press
New homes being built smaller; USA Today
The American dream is shrinking. For the first time in at least a decade, builders are substantially reducing the size of new houses. ”We’re trending toward smaller homes,” says Gopal Ahluwalia, director of research for the National Association of Home Builders. He says growth in the average size of new single-family homes, which went from 1,750 square feet in 1978 to 2,479 in 2007, is starting to reverse.
We are certainly seeing this in our market as well. The “mc-mansions” are selling much more slowly and are not being sought after by buyers. The big market desire for purchasing is in the below $200,000 range and we actually have great inventory currently in the $120,000 range! We also have knowledge of all the short sales and repossessions, so give us a call! Great time to buy with interest rates low! We have a lot of buyers at this time, so inventory will deplete.
Call 800-819-2771
