for many homebuyers.
Indicators for a Strong Market in Multi-Family Housing Units
- Single and non-traditional households represent the majority of housing
- consumers.
- Single women make up nearly a quarter of the homebuyer market and they
- prefer Multi-family Housing.
- Condos are also gaining interest among first time home buyers, empty nesters and retirees
- Condos are great second homes
- And usually they are owner occupied instead of renterss
If condos are such a good investment - why are there so may for sale?
The supply outweighs the demands. When a single home is offered, that is one
home on the market but when a developer sells a project, it is usually 500 plus
homes to the market. An oversupply doesn’t always mean the product is deficient.
When affordable housing is available, why would you pass it up?
