Home buyers compile real estate wish list

Future-Proof: Navigate Threats, Seize Opportunities at ICNY 2018 | Jan 22-26 at the Marriott Marquis, Times Square, New York

Remember the television show "Lifestyles of the Rich and Famous"? Each week host Robin Leach gave viewers a tour of incredible homes common folk would never see otherwise. Fact is, most people cannot afford their dream home. Even if they could afford to build it, they probably couldn't afford the maintenance and taxes. If they could afford everything, Robin Leach would be knocking at their door. Each year the National Association of Home Builders surveys consumers to determine what they "prefer" in a new home. Here's a glimpse of the latest American dream wish list. No discussion of buyer wants gets far without discussing the living room. Does it stay or does it go? According to NAHB, the formal American living room may soon be as prevalent as the outhouse. In the three years from 2000 to 2003, the percentage of people willing to buy a new home without a living room increased from 34 percent to 40 percent. Formal living rooms are losing popularity. Most people can be found in the ...