Bigger Homes, Older Buyers

OK. So now pretty much everyone is in agreement that the housing market is in good, and improving, shape. But does that mean it’s back to where it was before the recession? Yes and no. From a purely financial perspective, we are pretty much back there. But if you dig into the details, things start to look a little different  First, new homes being built are bigger (2,200 sq ft., vs. 1,800 sq. ft. for most of the aughts). Second, buyers are getting older, with the new median age for homebuyers having steadily increased to 43.