The world of real estate is one that is ever changing, and so arises the need for realtor CMA software. The use of realtor CMA software can help real estate agents all throughout the United States stay on top of the real estate trends not only in their areas of operation but in the entirety of the country. From the demographics of those who are buying houses to the places they are moving in droves, the use of realtor CMA software has become a hugely important and widely utilized tool for real estate agents and real estate businesses all across the country.
For instance, realtor CMA tools can help real estate agents to understand who is buying homes in their neighborhoods and all throughout the country. For while it is still predominantly families and couples looking to buy single family homes, investors in real estate now make up more than fifteen percent of home purchases throughout the United States (around nineteen percent, to be a little bit more exact). When homes are sold for investment purposes, they are typically not in the best shape possible, as many investors are willing to buy a home for relatively cheap and then investment money in it to spruce it up, “flipping” the house, so to speak. Therefore, this is a great way for real estate agents to advertise homes that are perhaps a little bit more run down and not as widely appealing as the homes for sale that are brand new or have at least been recently renovated and updated as much has possible.
And as another part of using realtor CMA reports to understand the demographics of who is buying homes in the United States is looking at the age range of people buying homes. More and more frequently, the Millennial and Gen X populations are looking into home ownership and now even make up nearly thirty five percent of all home buyers in this country – and in the years that are to follow, this number is only projects to continue to rise. These relatives young home owners to be are likely to be buying homes that they consider to be starter homes or perhaps homes in which they hope to start a family.
Due to this fact, such home buyers will likely be looking for homes in safe neighborhoods and with good school districts, setting up their lives for raising a family in the best environment possible. In fact, realtor CMA software has even shown that, over the course of the next decade alone, more than seventy five percent of all residential growth that is set to occur will occur in suburban areas. More people are looking to start families, and the suburbs, with the space and amenities that they can provide, are often a more ideal place than the city to do so.
Much of this is due to the fact that people who are of the age and position in life to start their families and really settle down are looking for different things than they were at other periods in their lives. Walkable neighborhoods, for instance, have become widely popular among both the Millennial generation as well as among baby boomers. Baby boomers, now entering their elderly years, are often looking for a place that moves at a bit of a slower pace, and many primarily residential neighborhoods can offer just that. For millennials, having a safe place for their children to run around and play is ideal.
The role of the real estate agent is, of course, to sell homes. But their role is also to find homes that are ideal for the people to whom they hope to sell to. The use of realtor CMA software and other such CMA tools can make this process as accurate as possible, something that will only be compounded upon by actually talking to the people with whom the real estate agent in question wishes to sell a home. For many people, the demographics and research gathered doesn’t lie, and the realtor can use this to their advantage.