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Millennials — or Generation Y — is the next generation of consumers. Not only do their values and behaviors differ from their parents, but what they look for in a home does, too.

Ashley Hanks and Casey O’Brian, both age 29, are two such homeowners. The couple just bought a condo on the Upper West Side of Manhattan and say that while their parents' generation was more concerned with family ties and staying put in large homes outside the city, these days young people are prioritizing differently.

“Our careers are most important to us and also being close to travel opportunities, being close to friends and being close to a lot of the experiences we want to have. This apartment really allowed us to continue our lifestyle,” Hanks tells Destination Home.

The video is better than the text.

The real estate industry has changed dramatically over recent years as home values fall and people move out of the suburbs back into cities.

These are just a couple of links I got from Googling, similar to articles I've been reading for years. As always, YMMV, but based on retirement chat boards I've been on lately, retirees are also interested in a walkable community, looking to down size from the home they raised their family in, to something more manageable that does not continually require a car or have yard maintenance.

That may be the trend in your location but it isn't in mine.

I firmly believe this is the emerging trend, though it is more detectible in some places than others and of course may not happen everywhere, I do believe it is the future. It bears watching.

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