Younger buyers willing to spend big bucks on real estate

High-end real estate is being geared towards a younger crowd. According to Coldwell Banker Previews International and the Luxury Institute these younger buyers are driving the market and are also more willing to pay a larger price than their older counterparts. 43% of Americans ages 21 and older that make an annual income at or above $250,000 show interest in higher end real estate and may spend up to twice as much as older investors.

Sellers are focused on these younger buyers, making sure that their properties are in line with what they are looking for. These properties are often heavy on technology and automated, with more outdoor amenities such as pools and outdoor kitchens. Home gyms and home theaters are also very popular with younger buyers.

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POSTED September 24 2013 1:52 PM

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