A couple years ago, millennials surpassed baby boomers to become the largest living generation. Now that this generation is solidly in their 20s and 30s, they have become a major influence in many markets, including real estate, as they now also represent the largest share of home buyers. The National Association of Realtors compiled a report that outlines the trends that are impacting the industry and the housing market as a whole.
Since the advent of websites like Zillow and RedFin, you might suspect that fewer homebuyers are using Realtors to find and purchase their homes. However, research shows that nearly 90 percent of all buyers still partner with a real estate agent—proof that even in our digital age, Realtors are extremely valuable to individuals looking for their next home.
You’re finally ready to take the leap. Your first home. You’re ready to say goodbye to apartment life and hello to your own home, your own kitchen, your own backyard where you can host your own summer barbecues. No rent hikes. No noisy neighbors on the other side of the wall. No more boring white walls. Sure, the thought of owning your own home is a bit scary (everyone feels that way). But it’s time. You’re ready.