Big Demand for Small Homes!

By
Real Estate Agent with Berkshire Hathaway Maui Properties

Since 2015, the square footage of newly built houses has been shrinking, according to Yahoo Finances.  This is not projected to change as we continue into the beginning of the year.

“We expect this downsizing trend to continue in 2020, driven by a confluence of economic and demographic trends.”

 

Why are smaller homes trending now?

As noted in the article, there are a few main reasons for this demand:

  •          “Many of today’s younger, millennial home buyers have expressed a preference for denser, more urban homes that are more walkable to shared amenities.”
  •          “Today’s older homeowners are expressing a desire for smaller, less maintenance-heavy and more accessible (read: less stairs) homes as they age and move into newer homes.”

 

With these two demographic groups surging through the market, the demand for this type of home is rising. If you’re a homeowner with a smaller-scale house, now may be a great time to sell, as the demand for this end of the market is surely on the rise.

The demand for smaller houses will continue to rise throughout 2020. Let’s get together to discuss what the housing inventory looks like in your neighborhood. It might be time for you to take advantage of this trend! #SmallHomes #RealEstate #AnySize #Invest #Wealth #You #future #AmericanDream

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Debe Maxwell, CRS
www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
The right Charlotte REALTOR!

I can understand how millennials would adapt to smaller homes after living in their parents basements for so many years 

Jan 08, 2020 03:41 PM #1
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