The housing bubble has now popped, and a new study has found that the number of square feet people feel is necessary to live in has dropped quickly:
In its latest report on home-buying trends, real-estate site Trulia declares: “The McMansion Era Is Over.”
Just 9 percent of the people surveyed by Trulia said their ideal home size was over 3,200 square feet. Meanwhile, more than one-third said their ideal size was under 2,000 feet.
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The article goes on to note that there has also been a decline in "formal landscaping, decorative water features, tennis courts, and gazebos.” If there is a silver lining to this horrible economy, it has has to be that it has put a stop to formal water features.
Photo (CC) via Flickr user Paul Bailey.