Homebuyers' Investment Scores 15% Less House Than 7 Years Ago
Despite the month-to-month increase in home prices
, some historical perspective is in order. While prices have gained 5 percent in the last year, they are still only level with housing values of around seven years ago. And the median home size is down to about 1,500 square feet
. In fact, the incredible shrinking home is around 15 percent smaller than it was in 2003. But it still costs about the same. That's a pretty big (little) deal.
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