I can honestly say that I saw this coming. One room in a house that I rarely saw anyone use was the formal living room. I always saw the living room as a waste of space, a room that you'll heat and cool and maybe use once a year for a holiday.
Check out this article:
http://news.yahoo.com/s/yblog_thelookout/20101115/us_yblog_thelookout/study-amid-housing-slump-home-sizes-shrink
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