Housing is Moving Urban with new Generation Y Millennial Home BuyersPosted by Kenneth G. Cox on
Americans who are between the ages of 18 and 34 — known as Generation Y Millennials — could be a “game changer” in the U.S. real estate market, according to Urban Land Institute. As such, ULI researchers are taking careful note of this generation’s preferences when it comes to homes. The Urban Land Institute ULI reports Generation Y, with nearly 80 million members, as a potential “game changer” in the U.S. real estate market.
Of Millennials surveyed in that age range, 59% said they prefer their neighborhood to have a variety of housing types; 62% favor mixed-use developments with shops, restaurants and offices; and 52% like pedestrian-friendly neighborhoods.A new ULI survey of about 1,200 Millennials shows that 59 percent of those surveyed prefer a home…
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