{"id":9586,"date":"2016-05-20T12:15:34","date_gmt":"2016-05-20T12:15:34","guid":{"rendered":"http:\/\/www.anthonydidonato.net\/wordpress\/?p=9586"},"modified":"2016-05-20T12:15:50","modified_gmt":"2016-05-20T12:15:50","slug":"real-estate-trending-younger","status":"publish","type":"post","link":"http:\/\/www.anthonydidonato.net\/wordpress\/real-estate-trending-younger\/","title":{"rendered":"Real Estate is Trending Younger"},"content":{"rendered":"

Real Estate is Trending Younger<\/h2>\n

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Real Estate is Trending Younger<\/p><\/div>\n

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The median age of a REALTOR\u00ae is decreasing, as more young professionals enter the industry, according to the 2016 National Association of REALTORS\u00ae Member Profile.<\/p>\n

The median age of a REALTOR\u00ae decreased from 57 in 2014 to 53 in 2015. That’s the lowest median age since 2008, when the median age was 52.<\/p>\n

\u201cThe median age of REALTORS\u00ae is younger than in the past because more people entered the real estate profession this year than in past years, with 20 percent of members reporting one year or less of experience,\u201d says NAR president Tom Salomone. \u201cNAR is excited to have\u00a0young, fresh perspectives enter the industry, and we are proud to offer resources for our younger members to advance and grow, such as the Young Professionals Network and \u201830 Under 30\u2019 recognition.\u201d<\/p>\n

The rise in a younger membership reflects a larger trend in the overall American workforce. A recent Pew Research study shows that more than one-in-three workers in the country are millennials.<\/p>\n

In fact, NAR’s membership under the age of 30 jumped to 5 percent this year, up from just 2 percent in 2015. On the flip side, the share of REALTOR\u00ae members over age 60 dropped from 41 percent to 30 percent, the survey revealed.<\/p>\n

New REALTOR\u00ae members tend to be more diverse than more experienced members. The report shows that 89 percent of REALTORS\u00ae with 16 or more years of experience are white, compared to only 78 percent of those with two years or less experience.<\/p>\n

Some additional highlights from the 2016 NAR Member Profile:<\/em><\/p>\n