The median home size most highly desired among home shoppers is 2,226 square feet, according to the National Association of Home Builders’ “What Home Buyers Really Want” survey.
But looked at more closely, the size of home most desired can vary greatly depending on the buyers’ age, race, and ethnicity, the study found.
As buyers’ ages increase, they tend to want less space, the study finds. Buyers younger than 35 said they most desire a home size of 2,494 square feet. For buyers 65 and older, they want a home that is 2,065 square feet.
The size of home preferred also showed big differences among races and ethnicities. For example, minority buyers tended to desire more space than white, non-Hispanic buyers, the study found.
White, non-Hispanic buyers said they wanted, on average, 2,197 square feet; Asian buyers wanted 2,280 square feet; Hispanic buyers say they prefer 2,347 square feet; and African American buyers say they prefer 2,664 square feet, according to the study.
The author of this article is: realtormag.realtor.org
See the original post at: http://realtormag.realtor.org/daily-news/2013/03/25/home-size-preferences-differ-age-culture
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