What's Hot on HousingWatch This Week

Smaller houses, lower down payments, and deep discounts on big ol' pink mansions. See what else our readers were interested in this week on HousingWatch.

1. Florida Real Estate: Nearly 50% of Jacksonville Homes Are Underwater
Though its East Coast location has kept Jacksonville more or less safe from the oil spill, all is not rosy with the city's housing market. Half of homeowners underwater? Read more.

2. House Sizes Shrink Along With Consumer Priorities
Are McMansions finally going the way of the now-extinct "Super Size" meal? Trends show that Americans are starting to embrace a more modest ethos around homebuilding, buying and remodeling. Read more.