Four Real Estate Trends Show a Changing Industry

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Millennials care more about being in a good school district than having an artisanal bakery around the corner

October 14, 2015

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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.

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