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Real estate agents court Gen Y, an article from USA Today, reports that the current real estate slump has convinced many real estate agents to start marketing a group not known for its home-buying habits: Twentysomethings.  In order to connect with them, agents are unleashing a new breed of marketing tactics, from posting homes for sale on YouTube to building Facebook pages.  Jacky Teplitzky, from New York-based real estate firm, Prudential Douglas Elliman said, "This younger generation is so technology-savvy, and because of that, they are changing the way real estate is being marketed and how brokers must use technology to successfully get to this group.  This demographic is so important."  Leslie Tyler, vice president of marketing at ZipRealty added, "In the market today, first-time home buyers don't have as much money to spend (on luxury homes), but they don't have a home to sell.  If they're ready to buy and have good credit and a down payment, they're valuable to have.  They're more of a sure thing.  They're the customer of the future."
http://www.usatoday.com/money/economy/housing/2008-06-16-youtube-facebook-generation-y-buyers_N.htm

 

Additional articles that you may find of interest:

 

Maketa makes his case for expansion
http://www.gazette.com/articles/jail_37389___article.html/maketa_county.html

 

Mortgage lenders vow quick response
http://money.cnn.com/2008/06/16/real_estate/mortgage_application.ap/index.htm?postversion=2008061619

 

Recession fears after housing bubble burst
http://www.msnbc.msn.com/id/25202778/

 

For cities, all foreclosure politics are local
http://www.msnbc.msn.com/id/25195953/

 

Suburbs a Mile Too Far for Some
http://online.wsj.com/article/SB121366811790479767.html?mod=RealEstateMain_1

 

Employers Offer Aid To Avert Foreclosures
http://online.wsj.com/article/SB121364358799078389.html?mod=RealEstateMain_1

 

New Homes: A Silver Lining in Today's Housing Market?
http://realtytimes.com/rtpages/20080617_newhomes.htm

 

Real Estate Funds Much Better Than '07
http://www.realtor.org/RMODaily.nsf/pages/News2008061605