Generation Y home buyers

A new class is rising

Now 65 million strong, the Generation Y class of buyers is emerging as a force in the real estate industry. Currently aged between 22 and 27, this group is buying property sooner and bigger than previous generations.

This is the tech savvy generation, most members of this group are comfortable using the Web to gain knowledge prior to making purchases. This group is also more comfortable with aggressive financing to get what they want immediately.

Locally our demographics are still skewed to reflect a grayer population base, but the boomers and Gen X + Y groups are making serious gains. The growth of Florida Gulf Coast University, Edison College and Ava Marie University certainly provide a local choice for higher education and will lead to more young adults settling in the area.

Generation Y [Denver Post]