As any real estate agent knows, buying a house or even just buying a condo is a big deal and cannot be rushed. The process of buying a house can be a long one, to be sure, but it is one that is often more than worth it at the end of the day. However, it is important for the typical real estate agent to stay on top of the trends and the data of the current moment, as this will help said real estate agent to navigate the waters of making a sale, showing the right homes to the right people and so on and so forth.
For instance, it is important for the typical real estate agent to keep track of who is buying homes. Many people outside of the world of selling houses might not know how many people are interested in buying a home for the very first time, to name just one example, but it is the typical real estate agent’s job to know. If they don’t know, then they can’t be as aware in their field as they really do need to be. But many a real estate agent will know that first time home buyers make up more than thirty percent of the population of those who are looking to buy a home. This is quite the sizable percentage, and it means that the real estate agent must be prepared to answer any questions that the prospective home buyer might have about the home buying process, as the new home buyers is likely to be less out of the loop when it comes to what goes on when you are in the process of looking for a home to buy and, later, of actually buying the home of (hopefully) your dreams.
The type of home and neighborhood that people are looking to move into is also important for the typical real estate agent to keep track of, as both neighborhoods and trends change over time. For instance, younger generations like Millennials are focusing solely on moving into walkable neighborhoods where there is space to really enjoy the neighborhood – as well as space for their children to play. However, Baby Boomers also enjoy walkable neighborhoods, even though they are now often entering their elder years. This is a trend that will need to be watched to see if it continues on to the generations that are just now starting out in the world as well as the generations that are yet to come.
But it is also for the typical real estate agent, no matter how old they might personally actually be, to be able to relate to the younger home buyer. This is because overwhelmingly more often home buyers are younger than ever before, at least here in the United States. This can be attributed to a number of factors, from higher rates of college graduation to the economy bouncing back after the recession of nearly ten years ago. However, no matter what the reason is (or what the reasons are, as anything like this is likely to be more multifaceted than not), more than sixty percent (sixty one percent, to be more exact) of all of the people who bought homes in the year of 2017 were at the age of thirty five or younger than it. While older people are still buying homes, the younger generations are beginning to dominate the market. As this happens increasingly more in the years that are to come, it is important for a real estate agent to stay on top of the changing times and the modern luxuries of newer homes. After all, real estate agents the country over are often used as a primary source of information by up to seventy eight percent of home buyers and while many real estate companies will put a good deal of information on their websites, there is nothing quite like speaking to an actual real estate agent directly and face to face.