real estate trends

Why Builders Are Tearing Down Old Suburban Houses And Replacing Them

Why Builders Are Tearing Down Old Suburban Houses And Replacing Them

I was recently alarmed to see a modest-sized house in my neighborhood demolished to make way for a much larger residence that straddles two lots. I shouldn’t have been surprised to see that house knocked down: it was a two-bedroom, one-bathroom home built during the Great Depression taking up space in a wealthy suburb, and the real estate market won’t stand for that. The little house’s demolition fits with a nationwide pattern: older suburbs are turning over. [More]