How Millennials are Changing the Housing Market

The Millennial generation is vastly different than previous generations, and it has affected many aspects of our society. Millennials’ lifestyles and preferences have even started to alter the real estate world. Let’s take a look at how Millennials are shaking up the housing market:

Carrying More Debt

With student loans and expensive rental payments, most Millennials struggle to save enough money for a down payment. Millennials understand that purchasing a home is a big financial commitment. With that in mind, they are entering the housing market later than previous generations did.

Millennials Know Exactly What They Want

One thing is for certain, Millennials know what they want and won’t settle for less. They don’t want to spend the time or money on a fixer-upper home. They prefer move-in ready houses – preferably with built-in conveniences and luxuries, such as smart home technologies or solar panels.

Technology Driven

When it comes to looking for the perfect home, Millennials will use every website, app or technology available to research homes and neighborhoods. Millennials grew up using technology, so it’s no surprise it’s the first thing they turn to when starting their home search. And since they are so technically adept, they know every trick, Google alert setting, and app to download to stay up to date when new listings hit the market.

Communication Is Key

With their fast lifestyles, Millennials expect short and to the point communication. Millennials often prefer a quick text over a long phone call. Realtors will notice that communicating with Millennials will differ from previous clients, but that doesn’t mean they don’t want to be fully involved. Millennials expect constant communication and availability from their Realtors and loan advisors, so they can ask questions in real time.

About Robert DeFalco Realty

The Robert DeFalco Business Philosophy

Robert DeFalco Realty was founded in 1987 by Robert DeFalco, Broker/Owner, a real estate broker who wanted to help families achieve their dream of homeownership. His company was founded on the philosophy “treat people well; the customers and the clients best interest must be considered first and foremost”.

Robert DeFalco’s tradition of honest and ethical service has become the company’s hallmark. Robert DeFalco Realty is led by a professional team of highly motivated real estate associates who have experience in all aspects of the real estate business.

Convenience and Exposure

All Robert DeFalco Realty listings are posted on all major real estate websites. They provide all their sales associates with the latest technology and support. Robert DeFalco Realty makes the home buying/selling experience easy and convenient.

Business Presence

Robert DeFalco Realty is currently Staten Island’s No. 1 realty office for total combined sales, with the greatest market presence and market share of any realtor on Staten Island.

Thinking of selling your home, we at Robert DeFalco Realty have you covered.  Give us a call Today, and one of our real estate associates will guide the way.

According to Staten Island Multiple Listing Services statistics, Robert DeFalco Realty continues to be the No. 1 real estate company on Staten Island, selling more homes than any other company.  

Robert DeFalco Realty uses the latest technology for both buyers and sellers.
We Currently have 5 Offices Locations To Serve You Better:

Corporate office:
1678 Hylan Blvd.
Staten Island, NY 10305

South Shore Office:
655 Rossville Ave.
Staten Island, NY 10309

New Jersey Office:
340 Route 34 South, Suite 112
Colts Neck, NJ 07722
Brooklyn Office:
8823 3rd Ave.
Brooklyn, NY 11209

NYC Office:
379 W. Broadway, 2nd Fl,

New York, NY 10012

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