How millennials will look for a home in 2023

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The way young people look for new homes has changed significantly in recent years, and is likely to continue to change in the years to come.

In 2023, the younger generation is expected to rely heavily on technology and online platforms to find and research their next-gen homes. But why should you care about millennial homebuyers? According to NAR, millennials make up the largest share of homebuyers, at 43%.

However , one of the biggest challenges for younger buyers in 2023 is likely to be the competitive nature of the housing market. With little inventory and high demand, many millennial buyers are finding it difficult to find a home that meets their needs and fits their budget.

To stand out in the market, young buyers who want to become millennia manufacturing directors email lists l homeowners will have to be proactive and prepared to act quickly when they find a home that interests them.

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How millennial homebuyers are searching for new homes in 2023: Millennials are the largest share of homebuyers
How millennial homebuyers are searching for new homes in 2023: Millennials are the largest share of homebuyers
Millennial Buyers' Real Estate Research Trends
According to a recent survey of millennial homeowners, this group is the most likely to look online when it comes to searching for a new home.

60% of millennial buyers use online resources, such as real estate websites and social media platforms, to search for properties.

Only 30% said they used traditional offline channels, such as open houses and real estate agents. This preference for online resources is driven in part by the convenience and accessibility of these platforms. Many young buyers are busy with work, family, and other commitments, and may not have the time or energy to drive to open houses or meet with real estate agents. Online platforms allow them to search for homes and access information from the comfort of their homes, at any time of the day or night.

But the appeal of online resources goes beyond convenience. Millennial homebuyers are also drawn to the wealth of information and resources available on these platforms. Many real estate websites and social media platforms offer detailed listings with information about each property’s features and amenities, to include photographs and virtual tours that allow buyers to get a better feel for the property before visiting it in person.