The current trend in housing is toward bigger and pricier homes. A stronger economy allows Americans to upsize, and popular culture echoes the trend, with reality and scripted TV programs featuring large homes with lots of room for entertaining. Open floor plans reflect a more casual lifestyle and give homeowners a more flexible space with room to relax and stretch out. Like many young homeowners, Rhiannon Kruse and her husband have moved from a cramped space to a larger house. They find their new home more relaxing and peaceful, a sanctuary from a chaotic world.
Key Takeaways:
- Millennials are interested in purchasing bigger homes at higher prices according to research
- As the economy continues to improve, more people are interested in spending money to purchase bigger homes
- Upsizing helps to alleviate the stress and tension that comes with living in small spaces without enough room
“A new analysis of census data shows that the median square footage of new homes is up 20 percent since 2000, from about 2,000 square feet to about 2,500 square feet.”
Read more: https://www.zillow.com/blog/uptick-in-upsizing-219648/