Gen Y Buyers Are Thrifty and Picky

(May 2, 2006) -- Generation Y home buyers are fearless shoppers who are changing the way moderately priced homes are sold, say observers of this tech-savvy generation.

“They already have their minds made up before they get in the car,” says Justin Juarez, broker-owner of Metro Brokers Liberty Home Group in Denver.

The 65.3 million members of Generation Y — people born between 1979 and 1994 — are always looking for the best deal, says Angela Burdick, owner of Angela Burdick Real Estate.

“Location is very important to this group,” Burdick says. “They like light rail and public transportation and walking where they want to be. They value their recreational time, and they don't want to be home mowing lawns.”

Gen-Y also doesn't shy away from spaces as small as 500 square feet. “They're really into organization and multifunction of furniture,” Burdick observes. “You see a lot of Murphy beds, and they like multifunctional rooms.”

Source: Denver Post, Margaret Jackson (04/30/06)