Santa Barbara real estate is seeing a new trend. The majority of new homeowners are young, single women. Actually, there was a 6 percent increase in female buyers between 2001 and 2005.
Most young singles are looking for a safe neighborhood, closeness to entertainment, and affordability. Recent immigrants and minorities account for even more of the buying market. Some are buying condos to build equity so that one day, they can afford a bigger home. Finally, retirees and empty-nesters are downsizing and relocating to like-minded communities. They want to live in smaller homes, nearby friends and entertainment.
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