04/26/2022
Americans are buying smaller homes. Compared to what we saw at the height of the pandemic, recent mortgage rate spikes have decreased affordability and to buyers, every square foot counts. According to the latest Redfin research, condos, which are typically smaller than single-family homes, are becoming the most popular type of property in the current housing market. Another factor impacting demand for smaller homes is that in-person work and school has resumed in many areas, meaning people no longer require at-home space the way they used to. If you are considering downsizing or you're simply looking for a new home, let REAL help. www.realhomeownership.com