Below is a great infographic from UpNest on Millennials and buying residential real estate. Here are some stats that stand out:
–25% of all Americans are Millennials (between 18 and 34 years old)
–44.2% are minority or belong to an ethnic group
–Within 10 years, 75% of the US workforce will be Millennials
–75% want to buy (when they buy) a single family detached home
–49% want to buy in the suburbs and only 21% want to buy in an urban area/city
This information is for residential real estate but here is what I found the most interesting—Millennials (and every other client we have) choose a broker based on these factors:
20% -Honesty and trustworthiness
10% -Market knowledge
Call us if you want a broker that is honest, trustworthy, has a great reputation and knows the market inside out.
Oct 19, 2015
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