First Time Home Buyers: Who Are They? Where Do They Find Their Homes?

3
May

First Time Home Buyers: Who Are They? Where Do They Find Their Homes?

First Time Home Buyers:

Who Are They? Where Do They Find Their Homes?

According to the National Association of Realtors, these age groups are labeled as the following:

Millennials/ GenY
Born – 1980-1998

GenX
Born – 1965-1979

Younger Boomers
Born – 1955-1964

Older Boomers
Born – 1946-1954

Silent Generation
Born – 1925-1945

Millennials make up the largest current group of first-time home buyers at 66%, followed by Generation X at 26%. 99% of Millennials use online web searches, compared to 89% of Older Boomers, and 77% of the Silent Generation. While realtors are taking advantage of the technology that is available to them, one of the biggest upcoming challenges that real estate brokerages are facing over the next two years is keeping up with technology. All-In-One CRM’s that provide a solid online presence is not optional anymore. If you run a real estate company, you need to be on the web and provide a search platform for your clientele!

What are you using to stay ahead of the competition???

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Tagged: first time home buyers, home buying stats
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