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'the way we see the economy is not very different than it was 10 years ago,' says scott wintleman, who oversees the group's online store. 'the economic base of your household might be weaker because of the recession. there isn't the same household formation that happened in the '00s.'
the biggest factor driving americans home in search for a more comfortable home is rising home prices, according to the u.s. census. the median price for a home in january rose to a record $236,400, up 6 percent from october 2009.
related: bigger homes are driving up home prices
the bigger house that these americans are willing to buy isn't necessarily bigger, says david blitzer, a professor of economics at dartmouth college.
the economy is still producing jobs for workers with less and less education, blitzer says. and many americans who used to live in big homes, which are often in the heart of city centers and attractive to potential buyers, are now moving west.
'all of a sudden they're coming into neighborhoods where there are not many housing units,' says blitzer. he predicts the trend will continue.
these consumers want a more modest home and more parking, according to the nar. and many have been unable to get a mortgage or a high-interest loan to purchase a bigger home than they own now.
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