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Who Will Lead Hawaii and the Rest of the Nation to Housing Recovery?

If you guessed the Gen X, you are absolutely right!

According to a recent webinar, produced by the National Association of Home Builders, Generation X is expected to lead us to the promised land. 10,000 buyers in 27 metro areas were surveyed and this demographic, ages 31 to 45, were planning to buy.

They are not the largest population group, only 32% compared to 41% of baby boomers, but they are the most mobile. That leads me to believe multiple purchases and sales in a lifetime. The Boomers are downsizing, but not Generation X. They are in full swing with their careers, and now they are settled, they need to accommodate for their families.

Here are some criteria of the Gen X buyer:

  1. They are looking for room to grow, so larger lots are preferred.
  2. They want something compelling, from a design standpoint.
  3. They want “green,” energy-efficient features (70% say they are willing to spend an additional $5K for a home with more “green” features).
  4. Only 21% said they are looking for a traditional, walkable neighborhood.

Some other random preferences include dark wood cabinets, separate tub and shower enclosures, and a fireplace in the living room. Keep in mind, this survey was done by the National Association of Home Builders.

With that in mind, take a look at my Hawaii “Green” and Energy Efficient Homes Gallery for homes of that type on Maui. I can also help you find a home with a large lot, or some compelling architecture! Contact me.

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David Buck

April 11, 2011

Great info. Ken. Thanks for pointing out those stats 🙂

David Buck

April 11, 2011

Great info. Ken. Thanks for pointing out those stats 🙂

Ken Molina, RS

April 11, 2011

I thought this was interesting as well. The Xers aren’t all that bad!

Ken Molina, RS

April 11, 2011

I thought this was interesting as well. The Xers aren’t all that bad!

Katie Minkus, R(BIC)

April 12, 2011

GO GEN Xers!!! And they called us “slackers…” Pshaw.

Katie Minkus, R(BIC)

April 12, 2011

GO GEN Xers!!! And they called us “slackers…” Pshaw.

Justin - Head Web Head

April 13, 2011

Gen X is now, and Gen Y is close on their heals.

Justin - Head Web Head

April 13, 2011

Gen X is now, and Gen Y is close on their heals.

Kimo

April 13, 2011

I’m Gen X and I wish I could afford a home in Hawaii. Maybe in a few years

Kimo

April 13, 2011

I’m Gen X and I wish I could afford a home in Hawaii. Maybe in a few years

Ken Molina R(S)

April 13, 2011

@justin – very true, @kimo – let me know when you are ready!

Ken Molina R(S)

April 13, 2011

@justin – very true, @kimo – let me know when you are ready!

Tara Kelly, RS

April 14, 2011

Wow, good information. Go baby!!!

Tara Kelly, RS

April 14, 2011

Wow, good information. Go baby!!!

Jene' Green

April 14, 2011

love this! thanks Ken!!

Jene' Green

April 14, 2011

love this! thanks Ken!!

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