Millennials, Changing the Demographics in Real Estate

Real Estate Industry Changes

Millennials have grown to approximately 32 percent of the home buying market, which amounts to the largest portion of the home-buyers. The lifestyle habits of millennials shape the economy and affect everything from the energy market to how TV is made.

  • The millennial generation favors renting over buying property for a number of reasons. They wait to commit to homes…
  • Millennials are tech savvy and more likely to look for housing online than through an agent—50 percent of millennials found homes using the internet…
  • Many millennials like the ideals of minimalist living—fewer possessions and smaller spaces—because it provides them with the flexibility and…
  • Working with real estate agents is a new venture for many millennials, 23 percent of whom are unaware that they can negotiate…

Millennials are just beginning to revolutionize the housing market, as their incomes increases and they begin to settle down…

More info at: >> Beach Real Estate


Millennials and the Real Estate Industry

Related Source: Millennial Marketing

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