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Real Estate Briefing - Categorized | Americas, Market Moves, Residential property Watch more

The new American dream home: Prices in 11 cities

Posted on 27 June 2011

The dream has changed. Chastened by the housing collapse, middle-class Americans want a different kind of home these days. The McMansion, with its eight bedrooms, five baths and 10,000 square-feet, is out. A more sensible housing solution is in.
The average size of new homes shrunk by about 5% from 2007 to 2010 and far fewer mega-homes are being built. The number of homes 4,000 square-feet or larger built in 2010 fell to 35,000 from more than 120,000 in 2007………………………………………..Full Article: Source

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Laxman - who has written 28515 posts on Opalesque Real Estate Briefing.


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