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Census Bureau, home size steadily increased from 1999 through 2008/2009, which we all know was when the housing market crashed. Before the crash, this increase in the size of houses reflected the buyer’s desire for larger homes and the lender’s willingness to loan money for new construction.
Home sales in the “upper brackets” of the market reportedly perform better than average-priced homes. had the second-highest influx of wealthy international homebuyers last year, although it also had its lowest level of international purchases since 2009. Sotheby’s references an April 2024 report by J.P.
Housing starts plummeted to the lowest levels in 50 years in April of 2009 and the cost to build soared. If one would normally pay 20% based upon their tax bracket, they will pay 10% instead. This could be a huge win-win-win (country, seller, buyer). As I’m sure you recall, President George W. A lost 20 years.
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