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WHAT'S TRENDING IN REAL ESTATE TODAY !!!!!

Three of the hottest topics that are gaining traction.

1. GENERATION X JUMPS TO THE TOP:

    Generation X-those ages 33 to 47, made up the largest chunk of home buyers, at 31%, between July   2011 and June 2012, according to the National 

    Association of Realtors, "home buyer and seller generation trends" report. Generation Y-those 32 and younger, made up the second largest group at

    28%. Followed by younger baby boomers (18%) and older baby boomers (14%).

2. MOBILE REAL ESTATE SEARCH:

    Consumers are talking to their mobile devices in droves for real estate searches. According to the Search Agency, an on-line marketing firm, real

    estate ad clicks on smartphones, grew 10.7% between the fourth quarter of 2012 and the first quarter of 2013. Tablet ad clicks shot up even higher,

    increasing 20.2%, quarter over quarter, and 87% year over year. It all proves that consumers are becoming far more comfortable searching for real

    estate on mobile devices, which allow a buyer to search leisurely, saving time, without the need to physically visit a real estate office.

3. REVERSAL OF FORTUNE IN INVENTORY:

    The complaint is widespread: Housing inventory has been stubbornly low in the past year. Perhaps that's starting to change. The number of listings

    nationwide, ticked up by 4.3% to 1.9 million homes on the market in June. According to Realtor.com, that is the highest monthly jump in a year, and

    rising home prices could persuade more sellers to throw their homes on the market in the coming months.

Suffices to say, the demographics of buyers and sellers and the manner in which they buy and sell real estate, has changed dramatically over the past decade.

For all of your Real Estate and Insurance needs and helpful information, contact LEGACY REALTY GROUP, Edison, NJ. 732.744.0400