There is a brand new trend in buying Santa Barbara real estate . The majority of new homeowners are young, single women. In fact, from 2001 and 2005 there was a 6 percent jump in female buyers.
The majority of young singles are looking for safe neighborhoods, closeness to entertainment, and affordability. Recent immigrants and minorities make up much more of the buying market. Some are buying condos to build equity so that they can buy a bigger home down the road. 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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