According to a survey by Trulia, 43 percent of American adults would prefer a home bigger than the one they currently live in.
Only 40 percent of the survey’s respondents said that they were living in an ideal-sized home. A minority of respondents, 16 percent, responded that they want to downsize and live in a smaller space.
When separated by age groups, the survey found that most boomers are happy with the size of where they live (53 percent of respondents), but there are more boomers that want a bigger home than those that want a smaller one, 26 percent and 21 percent respectively.
The largest age group by share that want to move to a bigger home is the Millennial generation. More than 60 percent of Millennial respondents said they wanted a larger home.
Advertisement
Related Stories
New-Home Sales
New-Home Sales Steady During February
A small increase in mortgage rates during February led to a flat reading for new-home sales
Market Data + Trends
Hottest Markets for Rental Activity in February
Looking at February's rental activity, the West continued to be the most desirable region for apartment hunters for the second month in a row, with the South close behind
Market Data + Trends
Looking Ahead: Second-Quarter Housing Market Trends
Industry pros offer insights about what real estate trends we can expect to see during the next three months