Millennials were the largest group of home buyers, at 34 percent, from July 2015 until June 2016, according to a National Association of Realtors report. And roughly two-thirds were first-time homebuyers.
Many first-time homebuyers would rather share their new homeowner status on social media. Real estate agents have discovered photos on Instagram and other social media platforms are good for business. Corey Maurice Gilmore, an associate broker at Capstone Realty in Huntsville, Ala., said social media has a “huge role” with first-time homebuyers he works with, per Realtor.com.
Some of the pictures posted by HomeSmart Realty Group have been labeled “fake news” by other Facebook users. Their beef: They can’t believe so many millennials are buying their first home. “Its [a] scam people,” one person commented. Another wrote on a first-time homebuyer’s post: “I don’t understand how something like this could be a home for a first-time buyer. This is something you would really have to work for. Unless you’re related to daddy mcbigbucks.”
Advertisement
Related Stories
Trade Contractors
Skilled Trades Are Open to Technology, Survey Finds
Amidst the ongoing labor shortage, technology and digital tools can offer labor-saving gains, and the skilled trades are willing to embrace new tech in their jobs
Sustainability
Mention of Eco-Friendly Home Features Is on the Rise in Sales Listings
Home listing descriptions using eco-friendly terms have been rising over the past five years in line with growing consumer interest in the environment and energy efficiency
Design
What Gen-Z Buyers Really Want in a Home
The fervor of planning for Millennials in the home building industry has now pivoted to Gen Z. So, what does this new generation want?