With the fastest growing home buyers being the Millennial generation, it only makes sense to advertise properties in a way that appeals to the customer. Here are some quick facts on our up and coming home buyers.
#1 Millennial's make up 66% of first-time home buyers.
#2 The median household income for home owners 26 and younger is $82,000 and the average student loan debt for the same group is $25,000.
#3 Millennial's are expected to keep the housing market strong in the next decade.
#4 44% of all home buyers, bought homes they found on the internet.
#5 84% found online information to be a crucial part of their housing search.
#6 Houses with aerial photographs sell 68% faster than properties with just standard images.
#7 Real Estate listings that include a video receive over 400% more inquiries than those without videos.
#8 70% of homeowners prefer to list with a Real Estate agent who utilizes professional photography and video marketing to advertise their home.
#9 73% of Millennial's prefer to buy a starter home.
#10 87% of Millennial buyers purchased their home through a Real Estate agent or Broker.