New Generation of Realtors

August 1, 2014 Updated Aug 1, 2014 at 9:29 AM EDT

By Elizabeth Carey

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August 1, 2014 Updated Aug 1, 2014 at 9:29 AM EDT


The face of area real estate agents is changing. That's the cover story in today's Business First.

It shows how a new wave of younger agents are getting involved in real estate and how the age of realtors is slowing dropping.

The Buffalo Niagara Association of Realtors says the average age of the region's residential real estate agent is 59.6.

But the report says there is a surge of newly licensed agents in their late 20s and early 30s.

The association has seen a 14 percent increase in membership since the economic downturn six years ago. The report says, of the 97 agents recently hired by Hunt Real Estate, most fall into that younger age group. And it's the same at RealtyUSA and M.J. Peterson.

Buffalo is not alone. Statistics from the National Association of Realtors show age and years of experience dropped slightly, while gross incomes are up.

The report says many factors driving people into residential real estate sales including a stronger economy, low interest rates and strong buyer and seller markets.

You can read more about the trends in today's Business First.

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