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What Exactly Is Generation Y Looking for in a Home?

May 31, 2008

By Stacy Downs

RISMEDIA, May 30, 2008-(MCT)-Generation Y is growing up fast. The average age of a first-time home buyer is 26, three years younger than for Gen X or baby-boomer buyers. So what’s up with that?

So, Who is Generation Y?

Generation Y

Those born between 1978 and 1994. They’re also called Millennials, the Internet Generation, Echo Boomers, Nexters and the Digital Generation. Generation Y follows Generation X, a term coined by fiction writer Douglas Coupland to describe those born after boomers, roughly 1965 to 1978.

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