By Melissa Dittmann Tracey, REALTOR(R) Magazine
After five years of downsizing, home owners are showing a desire for more space. In the past year, builders are reporting higher demand for larger homes.
In fact, 84 percent of home owners between the ages of 18 and 59 say they have no intentions of downsizing–even among Baby Boomers who often show preferences to downsize during retirement, according to a recent survey by PulteGroup of about 500 home owners. Many home owners–particularly younger generations–are saying they need more space than what they currently have.