REALTORS®’ Age & First-Time Home Buyers’ Age: Mind the Gap Posted in Buyers, Home Sales Statistics, by Jessica Lautz, Managing Director, Survey Research and Communications on June 2, 2011 You are currently browsing comments. If you would like to return to the full story, you can read the full entry here: “REALTORS®’ Age & First-Time Home Buyers’ Age: Mind the Gap”. Tags:REALTOR® Members Related Posts September 2016 Housing Affordability Index Latest Trend in Repeat Price Index Comments Natasha Plano/Natomas Homes Quite interesting! As house prices get lower, young people (and the not-so young as well) can now do the plunge and own a house, considering that they’re only in their mid-senior years. Jim Paulson I got my real estate license 20 years ago (in Boise, Idaho) when I was 30 after leaving the corporate workforce. I thought the Realtors were really old then, but now I guess I am only 6 years younger than the average Realtor. To bridge the gap, you just have to learn to communicate with first time home buyers on their level, via email and now via texting and QR codes for marketing on our signs and flyers. Natasha Plano Quite interesting findings! Indeed, as home prices continue to dip, more financially equipped and stable individuals – such as those in their early and mid-30s – can now afford to buy and own houses. Ruth Parker The first time homebuyers that I am helping find a home for are my own son’s age! And, because of the prices being so low, these young people are buying homes that used to be second and third homes as their first. They aren’t satisfied with just a small three bedroom, one bath home. Now they want a neighborhood and the four bedroom and two and a half bath home and tell themselves they will live there long after their future children are in high school. Who am I to argue. If I were just starting out as a homebuyer, I would do the same.. Jim Mellen At 47 years old and having become a REALTOR at 39 years old, I knew many of my peers were older than me. My challenge and the challenge of the younger REALTORS coming into the business is communicating with each generation of REALTORS. I am amazed when I come across the agents who do not text, barely email, don’t have websites yet continue to complain when they see their business being taken over by the younger generation. Give it 10 years. The average age will be in the low to mid 40’s! Older agents better figure the technology out, or hire one of the younger agents and mentor them rather than fight them. Terry Dahlem Communicating effectively with Gen Y is key. Recently I attended a Coldwell Banker Residental Brokerage event with Jason Dorsey, the Gen Y Guy. He gave a high energy presentation on how to communicate with younger buyers. Becoming attuned to the style and attitude of Gen Y is crucial! Ryan Hudson I am 21 years old and married! I know that seems crazy to you but I have been with my wife before we were married since very young and we love each other…. aside from that we are looking to buy houses as well. we found a four bedroom 1.5 bath house right in our price range with the same thought.. why buy a cheap starter home when regular homes are so affordable! Chris Henthorn, Realtor There’s a lot more to bridging this age gap. It’s not all about technology and social networking. There’s a certain mentality with this age group… They’re problem solvers, goal orientated, and ready for stability with a do-it-yourself approach to life.