A recent article from U.S. News outlines ten ways the millennial generation is changing real estate.
As millennials take a greater role in the housing market, young people’s preferences are starting to shape the way real estate business is done. The real estate portal Zillow predicts that millennials will overtake baby boomers as the generation purchasing the largest number of homes this year, making their preferences even more important.
“Because of their size, whatever they decide to do will have an impact on the housing market,” says Nela Richardson, chief economist for the real estate company Redfin.
For decades, the telephone has been the real estate agent’s tool of the trade. But a new wave of younger homebuyers is changing the way agents use those phones. Millennials, those born between 1980 and the late ’90s don’t want to talk. They want texts.
