Do People Still Use Real Estate Agents?admin / 0 Comments /
Technology seems to be the heart of the real estate market. It begs the question, do house hunters and owners selling their house still feel that they need to use a real estate agent? Based on a recent housing consumer study completed by Harris Insights, the answer is a resounding yes.
In fact, the percentage of home buyers or sellers who used a real estate agent in a recent transaction has increased 5 percentage points from the last study three years ago and up 9 percentage points since 2001.
Many might assume that the older population of buyers and sellers are the most likely to use a real estate agent for their transaction. After all, Gen Xers and Millennials are tech savvy and more accustomed to navigating the virtual world. However, according to an article published by Housing Wire, “91% of those ages 18 to 34 used real estate agents in their transaction. That number is slightly higher among Gen Xers, or those ages 35 to 44 years old, at 94%…Actually, it’s the older generations that are cutting real estate agents out of the picture as just 81% of those ages 55 and older reported using a real estate agent in their transaction.”
Read the entire article.