I did a mini-interview for the local FOX affiliate for a story they were doing on "Blogging for Buyers" - how some agents are using social networking and blogs to reach more consumers (Gen Y in particular).  Here's a link to the story and video clip: Realtors Use Internet To Attract Young Buyers

If you are not familiar with the term Gen Y (aka Millenials), here's an excerpt from Wikipedia:

Gen Y represents more than 70 million consumers in the United States and refers to a specific cohort of individuals born, roughly, between 1980-83 and 1994 (first half) and 1995-2001 (second half). "Generation Y" alludes to a succession from Generation X (used to describe generations in many countries around the world born from 1965 to around 1982).

Generation Y & technology

In their recent book, Reynol Junco and Jeanna Mastrodicasa (2007) found that in a survey of 7,705 college students in the US:

• 97% own a computer
• 94% own a cell phone
• 76% use Instant Messaging.
• 15% of IM users are logged on 24 hours a day/7 days a week
• 34% use websites as their primary source of news
• 28% author a blog and 44% read blogs
• 49% download music using peer-to-peer file sharing
• 75% of college students have a Facebook account^[23]
• 60% own some type of portable music and/or video device such as an iPod.