Housing Characteristics for the Next Generation of Potential Home Buyers

Housing near shops and mass transit are becoming the popular areas for the next generation of potential real estate buyers. This shift in housing will bring a big change to the real estate market.  The Urban Land Institute conducted a survey regarding the generation’s desire for urban living.

potential home buyers

The survey results stated:

  • 60% prefer a mix of housing options that are near shops, restaurants, offices and transportation
  • 75% desired the ability to walk places
  • 63% planned to move within five years
  • 40% expect to live in some type of multifamily housing

With this information, we should expect to see great things in the real estate industry.  What are the characteristics of the housing areas in which you are looking to purchase your next real estate investment property?