The Wall Street Journal has an interesting article debating the fate of McMansions in America. Once the rage, they’ve now fallen out of favor. A recent survey shows average square footage of American homes declined from 2,629 to 2,335 from the second quarter of 2008 to the first quarter of 2009. Many fault the recession and some predict once it has passed home sizes will “stabilize” at around 2,500 square feet over the next five years. What do you think?
Credit: WSJ article