There is a brand new trend in buying Lexington real estate . Young singles, particularly women, make up the majority of new homeowners. Actually, between 2001 and 2005 there was a 6 percent rise in female buyers.
The majority of young singles are looking for a safe neighborhood, closeness to entertainment, and affordability. Much more of the buying market consists of recent immigrants and minorities. In order to build equity so that a bigger home can be obtained, many are beginning with condos. Finally, retirees and empty-nesters are downsizing and relocating to active adult communities. They would rather live in smaller homes, close to friends and entertainment.
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