Gary Pierpont Blog

New Metropolitan Properties Are Smaller

June 19, 2014 by garypierpontblog

According to research, new metropolitan properties are smaller than properties built between 2003 and 2009. New properties are now on average around 950 square feet, compared to properties a few years ago that averaged 1,000 square feet. Experts say there are two primary reasons new properties in metros are being made smaller: Building smaller units helps reduce construction costs, and will also help sales due to lower prices. More here#img#

Filed Under: Housing Market Tagged With: First Home Mortgage, Gary Pierpont, Greenbelt, MD

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