Centennials and their future in real estate dealings. The centennial generation is coming on the heels of the millennial generation. Which came on the heels on Generation Y. Generation X was before Generation Y. Then the Baby Boomers came when we first started labeling the generations.
I’m more fond of calling them Centennials because Generation Z is the end and I hate most things that end.
If you are at the beginning of the Centennial generation, those born from 1997 to present, this year you are 19 years of age as of the date of this SCVnest real estate article(08/16/2016). Also known as the “next” generation, they are going to be very different from the preceding generation of “questioners” known as Millennials.
The Centennials have very different attitudes. I know this personally because my two sons are eight years apart and one is a member of the Millennial generation and the other is a Centennial. Both my kids have very different attitudes as it relates to spending and saving. I have also noticed that my younger, the Centennial, is a big more cautions. The Centennial could care less about “brands”. He is also very different from his millennial brother in the way he is not a care free spender and only wants by necessity, not because of any self imposed entitlement.
Instead of living in the moment – I also see my centennial son being concerned about his future with more focus than that of his brother. Statistics show that over 71% of Centennials worry about not being prepared for the future.
As Homer Simpson once said, “You cannot fight city hall..”, as he was speaking to Bart.
I have seen the next stat in my son, the centennial. 72% of Centennials believe everyone has the right to challenge authority. He will also stand up for himself and fight for what he believes in with tenacity.
We will have quite an interesting time in the future watching both of our kids develop and fit as square pegs in round holes within(or outside of) the constraints of society’s norms.
They are close to textbook in some areas within the expected Millennium and Centennial framework, in other areas, they break their respective molds.
Today the Millennial generation is approaching and buying real estate. They require a lot of checks and balances related to value of the home in question, the vetting of the various real estate service providers giving them additional information related to the home they are buying and constant communication coupled with almost immediate responses to questions and inquiries from their chosen real estate professional.
Centennials are not quite there yet, at least in most cases. However, within the next few years, they will be walking to the home buying arena and who knows how it will be done at that time. I do know that there will always be the need for someone with experience, knowledge and care for the real estate client.
Real Estate is too expensive to be a hands off purchase. Too much can be lost by a bad transaction. I’m Connor T. MacIvor. I’m a Realtor and I’m proud to be of great service to you.
Let me know if you liked my housing article and I’ll be here when you of the Millennial, Centennial or other home buying generation are ready for my real estate consultation and representation services.