Four Real Estate Trends Show a Changing Industry

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

October 14, 2015

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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