Movies, tv shows, and celebrities often have us dreaming of owning large homes, but the reality for most people is quite different.
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 amenitie...
Read morePosted on 01/18/2020 at 08:24 AM
It's exciting to put a house on the market and to think about making new memories in a new place, but we can have a deep sentimental attachments to the homes we're leaving behind too. Growing emotions can help or hinder a sale, depending on how we manage them.
When it comes to the bottom line, homeowners need to know what it takes to avoid costly mistakes. Being mindful of these things and prepared for the process can help you avoid some of the most common mishaps when selling your house.
1. OVERPRICING YOU HOME
When inventory is low, like it is in the current market, it's common to think buyers will pay whatever we ask for when we price our homes. Believe it or not, that's far from the truth....
Read morePosted on 12/22/2019 at 10:11 AM