Home Radio Segments Real Estate Round-up Changing Trends in Home Sizes

Changing Trends in Home Sizes

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with Terry Story, 25-year Veteran Real Estate Agent with Coldwell Banker in Boca Raton, FL

 

Terry discusses a trend towards smaller lot sizes, by square feet, smaller homes and shrinking apartments, down to “microapartments” with as little as 250 sf, and tells us what’s driving these changes. She attributes part of this to a sharp rise in people opting to stay single, and how singles’ lifestyles, tastes and preferences impact housing choices and home building.

Finally, Terry talks about changes in the mortgage financing sector, whether getting a mortgage has eased since the 2008 crisis and what banks now look for before making a housing loan.