4816 Hearthside Drive, Summerville, SC, 29485 3 Bed • 2 Bath • 1,355 sqft This Well-Kept & Charming 3BR/2.5BA Ranch is Located in Wescott Plantation of
Are Big Homes Making A Come Back
Steve Melman, NAHB’s director of economics services, attributes the growth in home size to the fact that many first-time buyers were blocked from the market due to strict credit requirements. “Most of the activity has been from the trade-up buyers who can buy larger more expensive homes,” Melman explained. “We’ll see what happens in 2013 if the credit market thaws officially and the first-time buyers come back in.”
It appears that as sales improve and prices are rebounding, the demand for larger houses has also made a come-back. Good news for the economy and housing sector.
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