Switch From House to Fuel Condo Boom

RIS Media - RISMEDIA, Jan. 16 — (KRT) — Tired of that long commute? Want to spend more time with family and friends? You could be living in a condominium soon.
The chances are 50/50 that you'll trade your single-family home for a condo in the coming years, a major Palm Beach County, Florida developer told the International Builders Show.
"Today's generation of workers are focused on family and social activities," said Jerry Starkey, president of WCI Communities, based in Bonita Springs. "In suburban communities, it's not uncommon to spend 1-1/2 hours each way commuting to work. That's destroying the quality of life."
To get out of that long commute, people are moving back to urban areas, Starkey said. Another multifamily expert agreed.
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