Super Size It: McMansions Making a Comeback - the Home Front (Usnews.com)
After greed and excess torpedoed the housing market a few years ago, Americans understandably began favoring more modest homes instead of pricey palatial abodes.
But it seems old habits die hard.
Reverting back to a “bigger is better” mentality, interest in mega-mansions 3,200 square feet and larger has almost doubled from a year ago, according to new data from real estate website Trulia. About 11 percent of today’s house hunters say they want their own McMansions, up from just 6 percent last year.
Trulia chief economist Jed Kolko attributes part of the renewed interest in bigger homes to growing confidence in the housing recovery. The combination of a slowing flow of foreclosures, more home sales, and rising prices has buoyed faith in the housing market, making consumers more optimistic about making one of the biggest purchases of their lives.