There is a new trend in buying Irvine real estate . The majority of new homeowners are young, single women. In fact, there has been a 6 percent increase in female buyers between 2001 and 2005.
The majority of young singles are looking for a safe neighborhood, closeness to entertainment and nightlife, and affordability. Recent immigrants and minorities make up more of the buying market. Some are purchasing condos to build equity so that they can purchase a larger home down the line. Finally, retirees and empty-nesters are downsizing and relocating to like-minded communities. They want to live in smaller homes, close to friends and entertainment.
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