From the new 744-page Martha Stewart’s Homekeeping Handbook: The Essential Guide to Caring for Everything in Your Home:
"Talk to any Realtor and you will hear this over and over: Closets are the new master baths. Storage is now more important to home buyers than giant bathrooms. The closets need to be big, with sensible and useful design."
I am not the biggest Martha fan in the world, but this makes a lot of sense. Americans have more stuff than ever, and they need the storage! I think this is a very interesting observation. I would also add that garages are more important now as well, for the same reason. See my previous post called "Pimp my Garage."