Blog - Watson Luxury Properties at Ocean Reef

New Study Shows: SIZE DOES MATTER

Apparently, downsizing is so 2016. New housing trends indicate a move to bigger (not tinier).

Season is almost here and the Ocean Reef real estate market has already started to rev up after its summer snooze. Like the rest of the country, we’ve noticed the upsizing trend really pick up in our little hamlet; and some of our young families are skipping the starter-home size all together.

According to Zillow.com research, young consumers are beginning to prioritize space. A whopping 56 percent of millennials said that having a large home is important to them, compared with 42 percent of Gen Xers and just 35 percent of baby boomers.
Studies argue that several factors could be impacting the shift in housing trends including the strength of the national economy. But how do you feel about the influence that television has on this trend?

When’s the last time you watched HGTV? Have you noticed the size of homes on their shows? We’ve definitely noticed the dining tables that seat 12 people! We’ve also noted that new 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. Add to that the shift in how homes are designed, with a nod to larger, open spaces. Gone are the days of rigid, closed-off eating spaces or television rooms.

What about you? Does size matter?

Check out Investopedia's thoughts: https://www.investopedia.com/articles/personal-finance/111715/5-reasons-retirees-are-upsizing-instead-downsizing-their-homes.asp

Samantha Ochoa, Sales Associate
Watson Luxury Properties

Posted in:Miscellaneous and tagged: realestate oceanreef watsonorc upsizing

Posted by Roberta Watson on October 30th, 2018 2:05 PM

New Study Shows: SIZE DOES MATTER

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