As a generation who are often spending more than five hours a day on their phones, Gen Z expects different things from the housing market than previous home users. Our latest blog explains what Gen Z are looking for in housing and how to ensure your homes appeal to this growing pool of consumers. From ensuring you're marketing your homes on the right platforms, to providing the customer experience they expect, it all counts with this tech-savvy, connected generation. To find out what Gen Z truly prioritise and how to market your homes effectively to this demographic, read the blog in full at: https://lnkd.in/e8fz9At3 #genz #propertydevelopment #realestate
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The real estate industry is undergoing a digital transformation, with technology rapidly reshaping the way homes are bought and sold. This evolution is driven by a tech-savvy market. 🌐 According to the National Association of Realtors (NAR), 44% of new homeowners find information online first about buildings for sale, and 73% of buyers used mobile or tablet search devices for their purchases in 2022. 📱 This shift towards digital platforms highlights a growing need for efficient and user-friendly tools. Fee Finder meets this need by modernizing a critical step in the home selling process: commission communication. Fee Finder streamlines this process, allowing sellers to manage commission details quickly and easily. This efficiency is particularly important in today's fast-paced real estate market, especially when considering the preferences of younger generations, such as millennials and Gen Z, who are increasingly tech-savvy. Millennials and Gen-Z, often characterized by their comfort and familiarity with digital tools, are also major players in the real estate market. Therefore, it is essential to develop effective strategies to cater to the needs and preferences of this tech-savvy demographic. With Fee Finder, there are no more endless 📩 email chains or phone calls. 📞 This saves valuable time and energy, allowing sellers to focus on other important aspects of the sale. The app’s intuitive interface is designed for speed and clarity, and aligns perfectly with the growing preference for efficiency and transparent transactions within the real estate industry. Get the app now: ➡️ iOS: https://lnkd.in/eNGvRZCX ➡️ Android: https://lnkd.in/es3yAB5Z #Innovation #RealEstateTech #Efficiency #HomeSelling #FeeFinder
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Visibility MATTERS! Compass stands as the #1 platform for national website visitors for listings. Surpassing local brokerages, Compass accumulated a whopping 20+ million views for listings for Long Island. Not only does Compass showcase incredible technology, but also our websites can be easily accessed from search engines, mobile devices, our app AND online social media platforms. Here are crucial statistics for WHY visibility online MATTERS! Key points from the National Association of Realtors: -Internet Usage: 97% of all homebuyers utilized the internet during their home search, highlighting its importance across all generations. -Mobile Usage: 76% of homebuyers employed mobile or tablet search devices during their home search, with Millennials notably utilizing mobile devices nearly twice as much as the Silent Generation. -Mobile Search Patterns: Younger Millennials conducted 65% of their mobile searches on mobile devices, while Older Boomers conducted 75% on desktops/laptops, illustrating generational differences in technology preference. -Search Duration and Home Viewing: Buyers typically searched for eight weeks and viewed nine homes, with five of those viewed exclusively online, underscoring the significance of online listings. -Online Home Discovery: All generations except the Silent Generation were more likely to first discover the home they purchased online, indicating the growing importance of online platforms. The Silent Generation, however, primarily found their home through their real estate agent. https://lnkd.in/eaC24QaK
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Millennials in their 20s typically saved $18,000+ more on rent compared to Gen Z.💸 Navigating rental markets can be tough for young renters, as costs often exceed their income. When screening potential tenants, it's crucial to assess their rent-to-income ratio to ensure they can comfortably afford your monthly rent.✅ Try our calculator below. ⬇️ https://ow.ly/6klo50RsRCi #RentalMarket #RentAffordability #IncomeToRent #RentalCalculator
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It's no secret. High interest rates are making it tough for Millennials & Gen Z to afford homes. Many are hoping for 2020-level interest rates, but that’s unlikely to happen any time soon... And with rates still high, homes are pricier than ever—in some cities, even starter homes hit $1M. Instead of waiting, focus on finding homes that fit your budget or even home buying assistance programs. Equity is money you earn by owning your home Build equity over time. Get rich slow and steady by starting out small. It’s about finding what works for you today.
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Data from ANAROCK in 2023 reveals that millennials (aged 25-35) now make up 37% of homebuyers in major cities, up from 28% in 2018. In tech hubs like Bengaluru, young professionals are driving a significant portion of the real estate market, with Bengaluru’s Whitefield area offering 2BHK apartments priced between ₹60 lakh to ₹1 crore. #indiarealestate #rentalhomes #residentialrealestate #millennials
The Young Landlords
deccanchronicle.com
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🏡 Aussie Home Buyers’ Priorities Unveiled for Spring 2024 🌸 Domain's latest research reveals key insights as the Spring housing market kicks off. While location and size remain top priorities, there's a noticeable shift towards "lifestyle-proofing" homes. Gen Z seeks more bedrooms, while Millennials prioritise bigger homes with backyards. Interestingly, all generations agree on some must-haves, like proximity to family and shorter commutes, but are willing to compromise on character features or modern builds. For more on what’s trending this season, click the link below 👇 https://rb.gy/8wdqay
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Exploring the New Era of Housing: A Deep Dive into Why Renting is the New Buying for Younger Generations 🏡 As we navigate a world of rapid economic changes and evolving lifestyle preferences, the concept of 'home' is being redefined by millennials and Gen Z. Join me in a thought-provoking exploration of why these generations are choosing to rent rather than buy, and how this shift is reshaping the housing market. 🔗 [Read the full article](https://lnkd.in/eFSnB55U) and let's start a conversation on what this means for the future of real estate. Share your thoughts and experiences in the comments below! 💬 Are you a renter by choice, or do you aspire to own a home? What factors influence your decision? Let's discuss the pros and cons and learn from each other's perspectives. 👥 Follow me for more insights on real estate trends, and don't forget to like and share this post with your network to keep the dialogue going! #RealEstate #HousingMarket #Millennials #GenZ #RentVsBuy
Millennials and Gen Z Opt for Rentals Over Homeownership Amid Economic Shifts
medium.com
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Millennials don't want old homes. They want new construction. And because they are the largest home buying population, we have started showing more and more new builds on the channel. Do your research! #realestate #youtube #socialmedia #passiveprospecting #business #levilascsak
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Tired of renting and ready to invest in your future? Discover the top 7 strategies that will help millennials afford their first home in today's fast-paced market. Don't miss out! Read the article now 👇 #MillennialInvestors #HomeownershipGoals @TruVestCo @GrantCardone @Ryan_DeMent @TheRealKiyosaki
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Renting? Think again! Millennials, you can afford to buy your own home. Dive into these 7 proven strategies to make homeownership a reality in today's market. It's time to elevate your real estate game. #RealEstateEmpowerment #TakeAction @TruVestCob @GrantCardone @Ryan_DeMent @TheRealKiyosaki
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