There is a massive opportunity today for Millennials in the market place. It may be the largest that we have seen in many decades. The question is, are you ready to open the door when opportunity knocks?
The statistics today are showing that a perfect storm exists for Millennials in the Real Estate industry. Just last year, more than 100,000 REALTORS got out of the business. Furthermore, 41% of all REALTORS are over 60 years old, the average age has jumped from 55 to 58 in just the last few years. Baby Boomers in all industries are turning 65 at a rate of 10,000 a month and will continue that pace for the next decade.
So as the Boomer's clear the field, the opportunities for the Millennials are ripe, but so far, it seems many haven't gotten the message. As of today, only 2% of REALTORS are Millennials,
However, 32% of all home buyers today are, and 68% of all first time buyers are.
In 2015 the median Millennial income in Indiana was 20,000.00/year a full 42% lower than the average for the state. Yet, there is a gold mine waiting for them to start digging right in front of their faces as they watch their friends buying homes. We have a record number of 18-33 year olds living with their parents today, over 50% for the first time in history. That speaks of a massive opportunity to be the ones to help them into homes of their owns. The future of the market going forward is looking very Bullish with the market place needing to build 40,000,000 homes that are not yet here just to house the Millennial generation!
If you want to make your own way with no cap but your imagination, and the systems you employ, you should seriously look into Real Estate. I made this move myself when I was 26 years old and sold more than a thousand homes to those in my own Baby Boomer group.
If you want to know more, or if you have a Millennial friend or family member who is ambitious and just can't find the vehicle to their dreams give me a buzz.
Jim Morgan
317-574-6659
www.abilityplus.com/join
