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...that the economy has unfurled and people are realizing that prices don't always go up, houses are getting smaller - and more practical. Instead of feeding the desire for flash, architects and homebuilders are responding to how families actually spend time and use space, as well as to new buyers entering the market. "A house is back to being a house," says Stephen Moore, a senior partner of the architecture and planning firm BSB Design in Des Moines, Iowa. (See high-end homes that won't sell...

Author: /time Magazine | Title: Downsizing: Today's Home Buyers Are Thinking Small | 9/28/2009 | See Source »

...upstairs (if you can imagine). That means they're either moving back up against the wall or turning into more-compact switchbacks. The two-story foyer is becoming less and less popular too - in an era of tighter purse strings, who wants to heat and cool all that empty space? "Would you rather have the extra volume or a game room upstairs?" asks Ken Gancarczyk, a senior vice president at KB Home who runs the Los Angeles-based builder's architecture group. Buyers, KB is finding, want the room...

Author: /time Magazine | Title: Downsizing: Today's Home Buyers Are Thinking Small | 9/28/2009 | See Source »

...shift in buyers. With home prices back to earth and federal dollars encouraging first-time owners, Generation Y is out shopping in a way it never has before. People in their 20s and early 30s aren't looking for large move-up homes, rather simple starters that put minimal space to efficient use. (See pictures of Americans in their homes...

Author: /time Magazine | Title: Downsizing: Today's Home Buyers Are Thinking Small | 9/28/2009 | See Source »

Meanwhile, outdoor living space is growing. Nearly two-thirds of architects are seeing increased demand for things like outdoor kitchens and fireplaces, according to a survey by the American Institute of Architects (AIA). "There are no longer these hard divides between how folks are living inside and outside," says Kermit Baker, AIA's chief economist and a senior research fellow at Harvard University's Joint Center for Housing Studies...

Author: /time Magazine | Title: Downsizing: Today's Home Buyers Are Thinking Small | 9/28/2009 | See Source »

...pictures of five nations' space programs...

Author: /time Magazine | Title: Water on the Moon Buoys India's Space Program | 9/26/2009 | See Source »

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