According to a recent Metrostudy Analysis, the size of the traditional single-family home shrunk over the past few years but is currently again on the rise. Why? One theory is that the $8000 first time homebuyer tax credit offered in 2009 and 2010 increased demand for entry-level homes and builders responded by creating smaller, more affordable dwellings. Of course, once the tax credit expired, these entry-level folks moved once again to the sidelines, replaced by empty nesters and move-up families. While the former typically seek smaller homes, the latter are more inclined to go for bigger. Move-up families are considered the largest buying segment in the population, and recent data confirms that home size is again increasing in response to their needs. While not a dramatic increase yet, we expect the acceleration to continue, as we get further away from the great recession.
For more information about homeownership or real estate investment in Atlanta call Jim LaVallee at 404-847-9080 or write Jim@EpicDevelopment.com. View information about all our current listings here.
For more information about commercial real estate operations or investment visit EpiCity.com.