Millennials Are House Hunting Virtually to Save Time
The days of homebuyers going from one house to another, looking for the perfect fit, may be over. Real estate agents now want to bring listings to you!
Bill Brown, the CEO of virtual and 3D camera company Matterport, says that millennials welcome the added convenience.
“People can go and see 20 or 30 properties in the time that it’ll take them to drive and see 1 or 2 properties,” Brown said. “It makes the process that much more efficient, you don’t waste a lot of time going and walking through properties that you could’ve easily eliminated upfront.”
Matterport’s technology allows homebuyers to digitally tour and explore a home they might want to move into through headsets, tablets, or other devices.
The trend is catching on. Real estate firm [Redfin](https://www.redfin.com/) says that 1 in 3 people buy homes they have not seen in real life. And the number of people making offers on properties they’ve only visited virtually grew 19 percent in 2017.
Millennials particularly are jumping on board. Redfin says the demographic is three times more likely than Baby Boomers to bid on a home, sight unseen.
For full interview [click here](https://cheddar.com/videos/the-reality-of-real-estate).
Rebecca Walser, certified financial planner and wealth strategist, offers tips on how to avoid money mistakes, develop healthy spending habits, and pay off debts.
The U.S. Department of Agriculture said Wednesday it hopes to weed out false or misleading animal-welfare claims on meat and poultry packaging with new guidance and testing.
If you're looking for food that's good for you and the planet, look no further than the new Isle of Us café and marketplace in the Upper East Side. Cheddar's own Shannon LaNier is on the scene with more.
The price of one kitchen staple is dropping at a historic rate. In May, egg prices had their largest monthly decline in 72 years. Ricky Richardson, CEO of South Carolina-based Eggs Up Grill, joined Cheddar News to discuss the state of play in the egg industry as prices fall while food costs overall are on the rise again. Egg prices are "returning to more normal levels now, we're running down about 40% on a year-over-year basis," he said.
