Real estate brokerage firm Redfin surveyed homebuying patterns and found four trends that suggest the housing industry is changing.
Here is a brief overview of what they found, presented by Survey Monkey:
- Technology’s role in real estate is increasing, 21 percent of respondents said they made an offer on a house without ever having seen it in person.
- Millennial homebuyers want good schools, as respondents in this age group were among the most likely to select a neighborhood for its schools and safety.
- An urban lifestyle isn’t a priority, just 11 percent named walkability and 8 percent named access to public transit as things they cared about in a neighborhood.
- First-timers opted for buying because of practicality, only 35 percent said their decision to purchase was to achieve the American Dream. Most did so for a sense of stability and permanence.
PB Topical Ref
