Metros with the Most McMansions for Sale

0

Realtor.com says now that the economy is roaring again McMansions are making a comeback.  To that end, they scoured the data for homes with at least 3k square feet as well as the metros with the highest percentage of them on the market.  Interestingly, they found that more than 70% of the surveyed markets saw an increase in the share of listings of these homes since January, 2016.  In addition, they found there are actually more large homes being built now than there were at the height of the housing market (10 years ago), however that doesn’t mean they’re selling.

“These are gaudy homes with a lot of irregular home features, often poorly constructed,” she contends. “They’re [meant]to insinuate the presence of wealth, rather than strive for a cohesive architectural form. The main idea is: ‘What can I put on my house to make it look like I have a lot of money?’”

Click here to read the full story on Realtor.com.

 

About Author

Director of Education & Outreach, National Real Estate Investors Association

Comments are closed.