Market moving toward smaller home sales

The housing market is still struggling to regain its footing and people are building and buying on a smaller scale, according to U.S. News and World Report. As gas prices continue rise and the economic stability of the country is mildly stable at best, home buyers are left wanting less.

"The recession we've experienced has really made people more in tune with their finances," said Mark Meyerdirk, principal broker at Washington, D.C.-based real estate firm Urban told the news source.

The paper says people are worried more about moving closer to their jobs than trading up for a bigger house. Early on in the last decade, bigger was better, but once people saw the market crash, and their financial solvency along with it, priorities shifted, according to the news source.

Builders are now offering smaller housing opportunities, which are more affordable and ecological, according to the Small House Society. People are staying in homes they traditionally would have moved out of, finding ways to remodel and fit their growing families instead of relocating.  

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