In real estate, the mantra has always been location, location, location. Then it was web, web, web. Now there's a new refrain: Mobile, mobile, mobile.
Smartphones and other mobile devices have upended the real estate world and the way brokerages do business. The latest data from the National Association of Realtors show that 71 percent of millennials start their house hunt using a mobile app or website. For Gen Xers, 64 percent started on the web, compared with 46 percent of baby boomers.
At Edina Realty, traffic on the company's website in 2015 increased 100 percent compared with the previous year, and visits to its mobile apps surged by nearly 20 percent.
Greg Mason, president and CEO of Edina Realty Home Services, said that data offered an "ah-ha!" moment when he and his team started thinking about rebuilding the company's website.
"Our approach had to be mobile first," Mason said.
It was nearly two years ago when the company decided to tackle the issue head-on by revamping its website to better serve people using mobile devices, including tablets and smartphones, to do their house shopping.
"Smartphones have become so ubiquitous. We had to take a serious look at the changing demographics, usage patterns, what consumers want and how they prefer to access information about homes," Mason said.
Even the web itself and the way people access that information is changing dramatically as every successive generation of buyers brings its own preferences to the process.