{"id":2414,"date":"2017-01-18T18:31:30","date_gmt":"2017-01-18T18:31:30","guid":{"rendered":"http:\/\/listhubnews.com\/mls\/?p=2414"},"modified":"2017-04-17T16:57:58","modified_gmt":"2017-04-17T16:57:58","slug":"will-millennials-revolutionize-the-real-estate-market","status":"publish","type":"post","link":"https:\/\/listhubnews.com\/mls\/will-millennials-revolutionize-the-real-estate-market\/","title":{"rendered":"Will Millennials Revolutionize the Real Estate Market?"},"content":{"rendered":"

You want a real estate revolution? We\u2019ve got you covered: In 2017, more than half of all homes will be purchased by first-time home buyers, according to an exclusive survey of buyers by realtor.com\u00ae. It\u2019s a seismic shift from 2016. And here\u2019s the kicker: Most of those newbies are millennials.<\/span><\/p>\n

Get ready for a new-look housing market.<\/span><\/p>\n

Each year, realtor.com\u00ae does an<\/span> annual survey of home shoppers<\/span><\/a> to get to the heart of home-buying trends. And what we found this year is a true sea change in the buying population that will affect which homes and neighborhoods are the most desirable in 2017.<\/span><\/p>\n

In sharp contrast with 2016, when only 33% of people planning to buy a home were first-time buyers, 52% of buyers with their eye on a home purchase next year will be first-timers. And 61% of those are under age 35.<\/span><\/p>\n

\u201cThis represents an \u2018Oh, shift\u2019 moment in housing,\u201d says Jonathan Smoke, chief economist for realtor.com\u00ae. Smoke\u2019s team analyzed responses from active shoppers on their site who plan to buy a home in the spring or summer of 2017. \u201cWith so many first-time buyers in the market, competition will be even fiercer next year for affordable starter homes in the suburbs. Those looking to buy may want to consider a winter home purchase in order to avoid bidding wars and higher prices spurred by a potential increase in millennial buyers.\u201d<\/span><\/p>\n

Check out what the 2017 National Housing Forecast predicted for millennial homebuyers in our infographic below<\/a>! To read the full report <\/span>visit the realtor.com website<\/span><\/a>.<\/span><\/p>\n

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You want a real estate revolution? We\u2019ve got you covered: In 2017, more than half of all homes will be purchased by first-time home buyers, according to an exclusive survey of buyers by realtor.com\u00ae. It\u2019s a seismic shift from 2016. And here\u2019s the kicker: Most of those newbies are millennials. Get ready for a new-look […]<\/p>\n","protected":false},"author":3,"featured_media":2425,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[5],"tags":[104,134,105,126,106,107,108,109],"class_list":["post-2414","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-archives","tag-2016-housing-market","tag-2017-housing-market","tag-fall-housing-market","tag-home-shopping","tag-housing-market-update","tag-market-update","tag-real-estate-market","tag-real-estate-update"],"acf":[],"_links":{"self":[{"href":"https:\/\/listhubnews.com\/mls\/wp-json\/wp\/v2\/posts\/2414","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/listhubnews.com\/mls\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/listhubnews.com\/mls\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/listhubnews.com\/mls\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/listhubnews.com\/mls\/wp-json\/wp\/v2\/comments?post=2414"}],"version-history":[{"count":3,"href":"https:\/\/listhubnews.com\/mls\/wp-json\/wp\/v2\/posts\/2414\/revisions"}],"predecessor-version":[{"id":2444,"href":"https:\/\/listhubnews.com\/mls\/wp-json\/wp\/v2\/posts\/2414\/revisions\/2444"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/listhubnews.com\/mls\/wp-json\/wp\/v2\/media\/2425"}],"wp:attachment":[{"href":"https:\/\/listhubnews.com\/mls\/wp-json\/wp\/v2\/media?parent=2414"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/listhubnews.com\/mls\/wp-json\/wp\/v2\/categories?post=2414"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/listhubnews.com\/mls\/wp-json\/wp\/v2\/tags?post=2414"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}