McMansions for Half Off Peak Sales Prices

McMansions Half Price
McMansions Half Price

By Les Christie

The McMansion is back. After shrinking for three years, newly-constructed homes are growing again.

For the first time in six years, Americans are asking for more square footage in new home designs, according to a recent report from the American Institute of Architects.

Existing homebuyers are thinking big, too -- especially in markets where home prices have been hit the hardest like Phoenix, said Jed Kolko, chief economist for real estate website Trulia.

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First Time Buyer Recounts Home Buying Process
First Time Buyer Recounts Home Buying Process