According to the 2014 NAR Profile, 56% of first-time buyers are between 25 to 34 years old (a.k.a. – Millennials), and there are a whopping 43 million Americans in this age group, the largest generation so far. The job market has dramatically improved for Millennials with unemployment rates falling from 10.6%, to 5.9% in 2014. Additionally, lending standards for home mortgages have loosened and down payments for conventional mortgages have decreased.

According to realtor.com’s Chief Economist, Jonathon Smoke, over 60% of Millennials are looking at real estate online each month. In fact, 32% of home purchases made in May 2015 were by first-time home buyers, according to the National Association of Realtors (NAR).

34% of first-time home buyers said that understanding the process and steps were the most difficult part of the process. That’s where your members, the real estate experts, step in! First-time home buyers need an experienced agent to help them through the process – and this group of buyers is most likely to find an agent through a referral.

Help first-time home buyers understand the home buying process (in plain English!) with realtor.com’s new web series, Learn With Liz. **Warning** – Be prepared to laugh!

Earn More Referrals and Win More Listings
ListHub’s Seller Reports and Market Snapshot reports help your members engage with clients on a frequent basis with meaningful touch points to earn more future referrals. Contact us today at info@listhub.com or call 877-847-3394 x1.