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Million-dollar homes lose luxury status as buyers get less space
A for-sale indicator in entrance of a house mentioned for more than $1 million on April 29, 2022 in San Francisco. Justin Sullivan | Getty Pictures Grocery shoppers aren’t the only kinds who have to contend with the phenomenon acknowledged as “shrinkflation,” which is what happens when the price tag of one thing stays the same or gets increased even as the product gets smaller. Dwelling customers have to be concerned about “shrinkflation,” much too. The development is hitting houses, particularly people in the $1 million assortment, exactly where the size of the homes that potential buyers are receiving for their dollars is shrinking, in accordance to new exploration from…