(Jeff Sorg, OnlineEd) – Specific age groups have common life experiences and influences that affect their needs and wants, and the way they approach major life decisions. Each generation is also affected differently by changes in financing, retirement systems, estate planning, tax laws, and housing design and location. And there is little doubt that the current economic turmoil is having different effects on each generation as they pass through their unique stage of life.
A private designation course is being offered through the Generational Housing Specialist website to educate the real estate licensees about generational differences in housing. The course encompasses the past 100 years of real estate to fully understand the generational shifts that have occurred on a recurring basis and that offer an explanation of the effects of peer personalities on the current five different generations that make up today’s real estate market. As part of the education required to earn the GHS™, the real estate professional will review the characteristics of each generation, their motivations, and the factors that enter into the purchase and sale of real property. These studies will take the student through today’s challenging economic times and explore the trends that are taking us into the future.
These are the five generations studied in the course:
- Millennials – an emerging market buying earlier than any generation that has gone before. Its members include many foreign born.
- Generation X – they are the most active buyers, but housing choices have changed to accommodate more family time and lessen commutes.
- Boomers -these buyers are in their highest earning years, but not all share the prosperity. Investments in real estate and the stock market have been depleted because of the Great Recession.
- Silents -the highest homeownership rates and with large equity. The Silents tend to be conservative and stable although some are upgrading as they down-size.
- G.I. Generation – the original seniors, many now lost to us.
The Generational Housing Specialist (GHS) course offered through http://www.ghsdesignation.com/buyghs.html is a timely designation course that gives insights into how the personalities, attitudes and preferences of home buyers, and the consuming public, come to be defined by their generational identification. The course encompasses the past 100 years of real estate to fully understand the generational shifts that have occurred on a recurring basis and that offer an explanation of the effects of peer personalities on the current five different generations that make up today’s real estate market. As part of the education required to earn the GHS™, the real estate professional will review the characteristics of each generation, their motivations, and the factors that enter into buying and selling real estate.
As part of a special promotion with GHS, OnlineEd customers will receive a $100 discount through this special link.
This article was published on August 16, 2014. All information contained in this posting is deemed correct and current as of this date, but is not guaranteed by the author and may have been obtained by third-party sources. Due to the fluid nature of the subject matter, regulations, requirements and laws, prices and all other information may or may not be correct in the future and should be verified if cited, shared or otherwise republished.
For more information about OnlineEd and their education for real estate and mortgage brokers, visit www.OnlineEd.com.
Jeff Sorg, an Oregon licensed Principal Broker, is a co-founder of OnlineEd®, a Web-based vocational school founded in 1997 where he also serves as Corporate Secretary, Chief Operating Officer, and School Director. Sorg holds vocational instructor licenses for real estate education in Oregon, Washington, California, Flordia, and Nevada and has authored numerous pre-licensing and continuing education courses in those states. Sorg holds the International Distance Education Certification Center’s CDEi Designation for distance education, originally awarded in 2008.
OnlineEd® provides real estate, mortgage broker, insurance, and contractor pre-license, post-license, continuing education, career enhancement, and professional development and designation courses over the Internet.