According to the National Association of REALTORS® (NAR)’s report called “2019 Real Estate in a Digital Age and Home Buyers and Sellers Generational Trends,” the most difficult step in the home buying process for ALL generations was “finding the right home.”
Some 69% of Baby Boomers found the home buying process difficult whereas a whopping 92% of Millennial buyers found the home buying process difficult.
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Let’s break down 2019 buyers by age and the home buying process by specifics:
26 years 29-38 39-53 54-63 64-72 +73
All Buyers – NA
11% 26% 24% 18% 14% 7%
1st-Time Buyers – 33%
86% 52% 24% 12% 5% 4%
Internet Use
Frequent 92% 92% 89% 80% 72% 50%
Occasional 5% 6% 6% 13% 18% 22%
Found Home on
Mobile App 76% 80% 81% 78% 58% 54%
Found Agent on
Mobile App 17% 23% 16% 15% 16% 20%
Most Useful Info Online
Photos Photos Photos Photos Photos Home Specs
Satisfied with Process
62% 60% 58% 61% 67% 70%
Thanks to the National Association of REALTORS® for source data.
Also read: Apple Steps Up to the Plate with Google and Facebook to Confront CA Housing Crisis, Podcast: 5 Proven Steps To Become Rich (and STAY Rich) (Part 5), NYC’s Largest Price Drops from Q3 2018 to Q3 2019
