Older people prefer bungalows. Easier to move around. Older usually have more $$$ so there will always be a market for that.
For younger crowd:
Bungalows have more privacy. Unless they are in a two store type neighborhood.
Going upstairs to get your kids clothes (few times a day) is not fun.
Keeping upstairs clean is harder. In a bungalow you walk by and clean as you go, in a two storey you need to make the effort to make that trip up every time you wanna clean. (does anyone every wanna clean?)
Bigger basement gives more potential to do what you want.
Just these few I though of right away.
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