Homes Either Too Small or Too Big for Majority of Owners
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iStock/Thinkstock(NEW YORK) — The American Dream includes home ownership but that doesn’t’ stop people from dreaming once they own a house.
In fact, a study by Trulia Real Estate of 2,000 respondents says that while four in ten are happy with the home they live in now, 43 percent would like to get bigger while 16 percent are looking for something smaller.
People ages 18-to-34 are more apt than any other group to look for a larger home followed by respondents ages 35-to-54.
In the meantime, people 55 and older are the most content with where they’re living now. However, 26 percent of this group would still like to upgrade while 21 percent are ready for something smaller.
Even though getting bigger seems to be the trend, the actual sales figures belie this desire. For example, last month 71 percent of new homes sold in the U.S. were under $400,000. Just four percent of sales exceeded $750,000.
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