Nearly all millennials, the largest generation in U.S. history, expect to be homeowners, according to a new report from the Urban Land Institute based on a national survey of 1,270 members of the group conducted in November. The group includes U.S. residents ages 19 to 36 and totals nearly 79 million.
Our parents got one thing right: They jumped headfirst into the real estate game without holding back. From the suburban boom following World War II until the housing crash in 2007, real estate ownership continued to set record highs.
In many senses, the real estate profession has remained largely unchanged for most of its history. From the founding of the first US brokerage in 1855 up until the beginning of the 21st century, the roles of, and the strategies employed by, real estate agents were pretty well-defined.