“Millennials” are also demographically known as the “Y” generation. Depending on which expert you read, they were born somewhere between @1980 and the mid-1990s, even as late as 2000.
And Atlanta was named as one of the best cities for millennials in America! The AJC reports that “for millennials seeking jobs, affordable housing, and entertainment, Atlanta is the place to be.” This is according to Niche.com.
Niche analyzes public data sets and millions of reviews to produce comprehensive rankings, report cards, and profiles for every K-12 school, college, and neighborhood in the U.S.
RIS Media (residential real estate industry’s definitive source for news and information) notes that millennials are the biggest generation in U.S. history, even surpassing baby boomers.
They make up 34 percent of all homebuyers—and as they get older, make more money and start families, that figure will grow.
What does this mean to Real Estate Atlanta today?
- Nearly all millennials go to the internet first to search for a home. If you are a seller, your home needs to photograph beautifully!
- Millennials want new appliances, a large master, a 2 car garage, and energy features.
- They generally do not have the extra cash to make repairs and updates.
- They don’t necessarily care about the money you spent on an extravagant backyard. They would rather the extravagance be inside.
The important thing is to know who are your most likely buyers, what you can do to attract them, and that’s where we can help!