There are over 84 million Gen Yers (or Millenials) in the population, according to 2000 Census Data.   One quarter of the US population is part of this generation.   This group is poised to make up the bulk of the overall US population within the next 20 years.     This generation is a diverse group with 1 in 3 non-Caucasian and 1 in 4 from a single parent home.

According to national studies from 2007, three quarters of the home buyers were between 18 and 24 years old and purchased a home because of their desire to own a home and establish a household.      They are looking for stability, home buying agents they can trust, and a fair price.    This group is also less emotionally tied to a house and is even now just waiting for the market to stabilize to move on.

With this new set of rules, houses will move quicker and with less emotion.     This creates a new level of competition that the “boomers” will have to figure out, when the market heats up….