Gene Bernshtam

  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...

The real estate and architecture industries have seen the best and the worst of the decade. However, the two never showed signs of slowing down. As the world enters a new decade, exciting trends both in the market and design are to be anticipated. Image source: rismedia.com Image source: mashvisor.com When it comes to design, homebuilders will still be focusing on developing starter homes. The Great Recession affected the real estate industry immensely as people opted out of purchasing new homes. Now, young people are ready to buy houses again. Millennials will want to settle down and have properties in their names, says Gene Bershtam. The real estate sector is a familiar face to technology. Technology provides developers the chance to have an edge over others, as more and more homebuyers are looking for smart home tech and online home-selling platforms. There will be more listings for luxury homes, especially in Nashville, San Jose, and Seattle. As sellers re...