The Ebb and Flow: New Homes Are Getting Smaller?

Remember the Naughts (2000-2009) when not an ounce of care went into securing a reasonable mortgage and everyone and their mother was trying to make that cash off real estate?  Well with a reality check in the market, developers have finally caught up.  The average size of houses, number of bedrooms, bathrooms and even number of stories of height have decreased (see original article here).  People aren’t building large homes in the suburbs, because now nobody can afford them.  How will this affect the market down the road?  Large houses will once again become more of a luxury as they hold a smaller share of the market.  In some areas, you will likely see cost per square foot go up as total square footage goes up.

Most importantly, what will your next house look like?  If you are in the market we’ll help you find one.  Of course, if you are no looking within your means, and you have the means of most people these days, we may have found you your new home! 

Check out this video below on the Worlds Smallest House (so they say 😉 )