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The Movers and Shakers: The Gen Y Home Buyers
These are some great thoughts here. It is true. The Gen Y'ers are the next buyers. The key is to get them to realize the benefits of homeownership as so many are renting now. Enjoy the read!
The Gen Yers or the Millennials, are the new catalyst in the housing market.  The dawning of this new era requires catering to the high tech and internet /cyber savvy demographic or segment.  Understanding their behavior and buying patterns is critical as realtors because they are and will be impacting the real estate market immensely.
The Shift. “By the end of the decade, the balance in the U.S. will flip from approximately 50% baby boomers and 25% Generation Y workers to 25% baby boomers and 50% Generation Y workers,” according to a CNN report Generation Y- Set to transform office life. Consequently and inevitably, they become the dominant players in the housing market because they have encapsulated most of the purchasing power.

Always on the Go and Mobile. Because of their technological savviness, they are equipped with sophisticated devices. They can’t live without smart phones and other mobile gadgets. They breathe and exhale in the cyber world. In dealing with Gen Y, your response time should be ... more

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