Condos are still leading Mass. housing sector

Generation Y, a designation that includes approximately 73 million young people nationwide between the ages of 18 and 26, is a driving factor in the robust condo market, according to Chuck Lemire, regional director and executive vice president for RE/MAX New England. Young people marrying later is a...

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Bibliographic Details
Published inSun (Plainfield, Ill. : Homer Township, Lockport, Lemont ed.)
Main Author BETTY DONOVAN, Sun Correspondent
Format Newspaper Article
LanguageEnglish
Published Lowell, Mass The Lowell Sun 24.08.2005
Subjects
Lemire, Chuck
Millennials
Tomkiewicz, Maggie
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Summary:Generation Y, a designation that includes approximately 73 million young people nationwide between the ages of 18 and 26, is a driving factor in the robust condo market, according to Chuck Lemire, regional director and executive vice president for RE/MAX New England. Young people marrying later is also a factor in the robust condo market, as more and more singles are opting to buy before preparing to start a family. Lemire said another recent trend is for pairs or groups of platonic friends, particularly young people, to buy a condo together. Baby boomers continue to fuel the trend as well, as they downsize to condos after their children have moved out, both Lemire and [Maggie Tomkiewicz] said. For empty nesters, moving to a condo is a lifestyle change, Tomkiewicz said.