Posted To: MND NewsWire

Is it possible that home buyers are adjusting more quickly to this brave new virus-driven world than was hoped? Will Americans now do the whole home purchase shtick from their living room couch? A survey the National Association of Realtors® (NAR) conducted among its members this week found that one-quarter of them had facilitated a purchase contract where their customers had not physically seen the property . Those buyers had visited a median of only three homes, either virtually or in person, before signing a contract. NAR’s 2019 Profile of Home Buyers and Sellers found buyers typically looked at nine homes before buying. NAR chief economist Lawrence Yun said, “Expect second quarter home sales activity to slow down with the broad observance of stay-at-home orders, but sales will pick…(read more)

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Source: Mortgage News Daily