The Residential Specialist for July and August mentioned that half of Generation Y (born 1980-1999) plan to buy a home in the next three years. 

This statement was the result of a study by The Concord Group which also found that 70 percent of those who participated in this study believe that home prices will stay where they are now, or will be higher, two years from now. 

Gen Y is not down with the long commute.  They say they are willing to pay a premium to live close to work. 

Also found in this study is that Gen Y wants more space in their next place; want to live near alternative modes of transportation; will be putting down under 20 percent; and eventually plan on leaving the city for the suburbs. 

The Residential Specialist, July/August 2009, Page 7  

(In case you are a CRS member...)   http://www.crs.com/magazine/trsmagazine-current.shtml

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