Angi CEO on Tech Innovation in Home Services

The video discusses the impact of the pandemic on home services, highlighting how millennials are increasingly entering the housing market, buying larger homes further from urban centers, and investing in home renovations. It explores the flexibility in work arrangements and its influence on housing decisions, as well as changes in consumer behavior, with a growing expectation for services to be accessible at the touch of a button.

What major change in home buying trends among millennials was observed during the pandemic?

• They stopped buying homes altogether.

• They only bought homes in urban centers.

• They started buying homes at a slower rate.

• They began purchasing homes at a faster rate.

What is a significant factor influencing the location of new home purchases?

• Proximity to shopping centers

• Increased workplace flexibility

• Availability of public transport

• Proximity to schools

Why are people investing more in home renovations currently?

• Homes are larger and need more work.

• The housing market is loose and competitive.

• There is a decrease in home renovation costs.

• Homes are cheaper and require less work.

What is a key trend in the labor market affecting home buying decisions?

• More flexibility in certain roles

• Increase in job layoffs

• Decrease in remote work opportunities

• Mandatory office attendance

How has consumer behavior changed in terms of purchasing services?

• There is no change in consumer behavior.

• There is a decline in online service purchases.

• Consumers prefer in-person service interactions.

• Consumers expect services at the touch of a button.