Why wait? When you can have what you want when you want it. That is the pervasive attitude about everything that Gen X’rs processes. So, guess who is going to make the real estate market begin to move?
You guessed it – X and Y not? They are not the largest group – they account for 32% of home buyers – often considered people who are at least 30 years old, but they aren’t waiting for the market to recover as the baby boomers are (of course it is the baby boomers who often got stung with mortgages they couldn’t afford, or bought homes around 2005 and later, only to see their values decline)
According to RIS media, here are some interesting facts:
- Gen X is willing to pay $5000 more for a home that is green
- Dark cabinets are preferred
- They want a fireplace in the livingroom
- They prefer a separate tub and shower
- Prefer great rooms over formal spaces
- Large lots
