Home buyers shifting to condos as house prices rise

By Andrew  Khouri  LA Times
December 3, 2013

For many young adults, condos are the only affordable path to homeownership in  urban areas near jobs and entertainment.

Southern California home buyers have pulled back, purchasing fewer  single-family homes in October as they struggled to afford  houses that have jumped in price this year.

They didn’t, however, lose their appetite for condos.

Changing cultural attitudes and skyrocketing home prices have boosted demand  for condominiums this year, experts say. For many, condos are the only  affordable path to homeownership in urban areas near jobs,  cafes and boutiques.