Gen Y buyers snapping up homes faster than other ages - New York News

Gen Y buyers snapping up homes faster than other ages

Posted: Updated:
PHOENIX -

2013 is being called the year of the homebuyer. The housing market is turning around.

The folks buying most houses are Generation Y-ers. They see this as a prime time to buy.

"We're seeing a lot of younger kids who grew up in the area are now coming back in the area," says Bobby Lieb.

Realtor Bobby Lieb is selling more houses to younger folks, specifically Generation Y.

"It's allowing the buyer who couldn't afford the rates at 5 and a half, 6 percent, allow them to come back in and qualify for mortgages they didn't think could happen," says Lieb.

Buyers like Zach Silvernail. He and his fiancé just bought a home for $227,000. And it was a fast purchase, thanks to online home tours and other tech advances in home buying.

"We expected it to be really hard but it was easier than we anticipated," says Silvernail.

With the real estate market starting to bounce back, realtors are making it easier on young buyers using new technology like QR codes or YouTube.

"They do YouTube, Zillow. It's interesting because initially we thought the internet was going to hurt our business. For me it's great because a lot of people will say hey I saw this on the internet I want to see it," says Lieb.

They saw this house not too long ago and will move in two weeks -- a move Zach Silvernail is excited about.

"I grew up like literally two minutes down the street so it's perfect for us."

Generation Y'ers are those born between the early 1980s and 2000. Investors are also picking up lots of houses with cash.

  • Local NewsLocal NewsMore>>

  • Mosquito-borne virus sickens 20 NJ residents

    West Nile found in New Jersey mosquitoes

    Tuesday, July 29 2014 12:48 PM EDT2014-07-29 16:48:57 GMT
    Twenty New Jersey residents have tested positive for a mosquito-borne virus that has spread through the Caribbean. The state Health Department says the residents who came down with chikungunya had returned to New Jersey from the Caribbean. Chikungunya causes a high fever and severe pain in the joints. It is rarely fatal. Meanwhile, the West Nile virus was found across the state, but no one has tested positive, said health officials.
    Twenty New Jersey residents have tested positive for a mosquito-borne virus that has spread through the Caribbean. The state Health Department says the residents who came down with chikungunya had returned to New Jersey from the Caribbean. Chikungunya causes a high fever and severe pain in the joints. It is rarely fatal. Meanwhile, the West Nile virus was found across the state, but no one has tested positive, said health officials.

  • 2 U.S. marshals, 1 NYPD detective wounded; fugitive killed in Manhattan

    2 U.S. marshals, 1 NYPD detective wounded; fugitive killed in Manhattan

    Tuesday, July 29 2014 12:37 PM EDT2014-07-29 16:37:19 GMT
    One of the two deputy U.S. marshals shot in the West Village was released from the hospital on Tuesday. The marshals and an NYPD detective were seriously wounded in a shootout with fugitive sexual assault suspect Charles Richard Mozdir, officials said. The shootout happened in a smoke shop called Smoking Culture on West 4th Street near Jones Street. Mozdir was killed.
    One of the two deputy U.S. marshals shot in the West Village was released from the hospital on Tuesday. The marshals and an NYPD detective were seriously wounded in a shootout with fugitive sexual assault suspect Charles Richard Mozdir, officials said. The shootout happened in a smoke shop called Smoking Culture on West 4th Street near Jones Street. Mozdir was killed.
  • 4 injured in Brooklyn building fire

    4 injured in Brooklyn building fire

    Tuesday, July 29 2014 12:33 PM EDT2014-07-29 16:33:06 GMT
    Four people were injured in a fire in an apartment building on Loring Ave. in East New York, Brooklyn.The flames broke out at about 11:13 a.m. on Tuesday in the six-story building. The injured were taken to a local hospital. Three of the victims were reportedly children. The extent of their injuries is unclear.
    Four people were injured in a fire in an apartment building on Loring Ave. in East New York, Brooklyn.The flames broke out at about 11:13 a.m. on Tuesday in the six-story building. The injured were taken to a local hospital. Three of the victims were reportedly children. The extent of their injuries is unclear.
Powered by WorldNow
Didn't find what you were looking for?
All content © Copyright 2000 - 2014 Fox Television Stations, Inc. and Worldnow. All Rights Reserved.
Privacy Policy | Terms of Service | Ad Choices