Millennials Are All About the Online Experience—Except in Real Estate By Suzanne De Vita
When it comes to interacting with businesses, millennials are all about the online experience—except, a new survey shows, when in need of real estate services.
Seventy-five percent of millennials recently surveyed by CentSai, a financial wellness website, would prefer to enlist the help of a local real estate agent than an online agent. Seventy-one percent, in addition, would prefer to work with a local mortgage lender.
Why favor face-to-face collaboration? “Amount of hassle,” handholding,” “local knowledge,” “longstanding relationships” and “personal touch” were all given as reasons behind the desire to hire local. Read more…
Home-Building Slides in March, but Permits Show Promise
Home-building slid in March, 6.8 percent below estimates to a rate of 1,215,000, according to the latest data from the U.S. Census Bureau and the Department of Housing and Urban Development (HUD). Single-family housing starts decreased 6.2 percent from February to 821,000. Starts for units in buildings with five units or more came in at 385,000.
“[These] numbers are aligned with our builder confidence metric, which contracted slightly this month but is on solid footing overall,” says Granger MacDonald, chairman of the National Association of Home Builders (NAHB). Read more…
Those With Bachelor’s Degrees More Likely to Own Home, Study Says By Zoe Eisenberg
Editor’s Note: This was originally published on RISMedia’s blog, Housecall. See what else is cookin’ now at blog.rismedia.com:
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While it’s no news that having a college education can bring in higher wages, a new study shows that continued education may make you more likely to become a homeowner by age 30. Read more…