By Abby Creitz
Depending on who you ask, I may or may not be a Millennial (Pew includes birth years 1980-2000), however other institutions cut me off by a couple years). However, I largely identify with that generation, and it’s a group that is poised to make a great impact on real estate. It is important to understand the concerns and needs of this demographic since REALTORSÂ® will be dealing with these buyers and sellers more and more in the near future.
I recently moved back to Chicago after being away for four years. During my time away, I lived in a town that had no public transportation to speak of (forcing me to buy a car for the first time), very little occupied commercial space close by, and no amenities to speak of. I was ecstatic to move back to Chicago for many reasons, but one of the biggest reasons was the lifestyle.
Chicago is a city whose inhabitants, by and large, take trains and buses, ride their bikes, or walk where they are going. If we need a ride, we Uber (yes, it’s a verb) or grab a cab. I can’t tell you how thrilled I was to sell off my car! …read more
Source:: This Month in Real Estate History