Capitol Report: No all-day breakfast in real estate as McMansion price premium declines

Like many housing innovations from the early 2000s, McMansions saw their popularity spike and then dive. But according to Trulia, the fortunes of the newly-built massive houses share another similarity with the overall real estate market: their value depends on location, location, location.

Nationally, the premium for a McMansion compared to a median-sized new home has fallen to 117% in 2016 from 138% in 2012, Trulia noted. There’s no one standard definition of “McMansion,” as Trulia notes, calling them “the Big Macs of the housing market back in the early aughts: large, mass produced, delivered in a tight package (land) and looked the same regardless of where you bought one.

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