Lexington real estate is seeing a new trend. Young singles, more specifically women, make up the majority of new homeowners. In fact, there has been a 6 percent increase in female buyers between 2001 and 2005.
Affordability, a closeness to entertainment, and safe neighborhoods are what most young singles are looking for. More of the buying market is made up of recent immigrants and minorities. In order to build equity so that a bigger home can be acquired, many are beginning with condos. Finally, retirees and empty-nesters are downsizing and migrating to active adult communities. They want to live in smaller homes, nearby friends and entertainment.
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