Millennial Homebuyers Seek Diversity, Walkability and Smaller Homes

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The millennial generation (Gen Y) was responsible for about one-third of residential real estate transactions in 2013. In his session at Agent Reboot, real estate coach and trainer Travis Robertson shared how Gen Y is already reshaping the real estate buying and purchasing process.

Much has been written about the differences between baby boomers and Gen Y, but we are just beginning to see how these differences are playing out in real estate. Like it or not, with the median age of Realtors at 57 and the median age of first-time buyers at 31, both generations must learn to adapt to each other.

Robertson outlined some rather surprising facts about what to expect when you work with Gen Y, as well as how you can best serve them.

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