The coronavirus pandemic has resulted in a reversal in the trend among home buyers for smaller properties. Now, with people being forced to spend more time indoors, buyers are now looking for a much bigger home instead. In other words, so-called “McMansions” are coming back in vogue. “The pandemic has been long enough and deep
Baby boomers could struggle to downsize from their ‘supersize’ homes
March 26, 2019 by
Baby boomers who have built “supersized” homes for themselves may find it difficult to sell when they want to downsize, according to a report in the Wall Street Journal. The report adds that some sellers are resulting to steep price cuts in order to attract prospective buyers. Around 15 years ago, just before the Great
Many Americans Still Believe They May Find Dream Homes
December 14, 2011 by
As the housing market in the U.S. maintains its abysmal status, one might think that Americans would have a negative view of their future home-buying prospects. A new survey, however, has revealed that 55 percent of Americans still believe that they may eventually live in their dream homes. The survey, conducted by Yahoo Real Estate,
Home Builders Struggling Against The Tide
September 8, 2011 by
Figures for new home sales in 2011 are on track to reach a record new low, says the Wall Street Journal. Following a peak in 2005, when 1.3 million units were sold, the annual rate as recorded in July was just 298,000 units. Most home building companies are struggling to compete with the tidal wave of
