How the millennials are taking over the housing market
The real estate industry has taken on a different form thanks to millennials, the dominating age group of homebuyers in the U.S. Even with skyrocketing student loan debts, millennials are determined to put in the hard work to save, spend, and invest in their future homes. Image source: foxbusiness.com Millennials make up 85% of homebuyers in the country, and they are sure to take their sweet time before purchasing their first home, shares real estate professional Gene Bernshtam. The research, review, consideration, property viewing, and purchasing process is longer for this age group as they desire to pick out the best home for their needs. Most millennial homebuyers opt for properties that are equipped with new technology. Growing up in the era of smartphones and Internet of Things, they are sure to expect their homes to be run by smart home technology. Unlike generations before them, millennials are likely to skip in-person meetings and property viewings, with the digital hom