- Bigger/more open living space for guests to visit/interact – 30 percent
- A larger kitchen to accommodate holiday meals and preparation – 25 percent
- Larger dining/eating area to accommodate bigger groups – 20 percent
Existing-home sales dropped 3.2% in July to an annual rate of 5.39 million units, with the median price rising 5.3% from a year ago to $244,100.
Is this the time to get contrarian? Housing starts grew respectably in July, but the rate is slowing, says Ralph McLaughlin, chief economist at real-estate listing site Trulia.com.