The results from a July survey conducted by Trulia and Harris Interactive suggest that after a long trend toward wanting larger homes, American tastes may be moving in the opposite direction.
Trulia Blog Article:
"Americans are veering away from the “McMansions” that had grown popular before the recession. Those American adults for whom home ownership is part of the American Dream displayed a preference for smaller homes, with only 9 percent saying their ideal home size is more than 3,200 square feet– the same number of who said they’d like their home to be between 800 and 1,400 square feet. Fifty-five percent of Americans would prefer a home between 1,401 and 2,600 square feet."
I think this certainly could be true. We have seen a trend for smaller homes in our day to day business. From empty-nesters to vacation home buyers, we have seen buyers looking for high quality smaller homes with well thought out designs and efficient floor-plans.
Much of the activity can be seen in central Austin with an increased use of in-fill homes and small condo projects that tend to be greener than the average home. Currently in West Austin there are several projects where people are going for a smaller home in a great area. Tarrytown, Highland Park West, Balcones Dr. and Cat Mountain areas have seen this type of activity.
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