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Article: Condo buyers looking for smaller units: Mississippians looking to downsize into something less than their single-family home.(Focus)
- Article from:
- The Mississippi Business Journal
- Article date:
- February 16, 2009
- Author:
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The trend toward condominiums has been around for a number of years and reached a peak a few years ago among young professionals, empty nesters, people looking for second homes and vacation getaways and those looking for investments.
That trend led to a significant amount of condo building in Mississippi and elsewhere. Developers across the country observed that many condo buyers wanted the square footage of the average single-family home (2,456 square feet) in a condo. Realtors in Mississippi have not found that to be true.
John Phillips, the Mississippi Association of Realtors' vice president of professional development, considers the state's condo ...