Mortgage And Real Estate News

Monday, December 1, 2014

Investor Overlays Expected to be Reduced; Rise of Niche Products

I still own a typewriter. But Discover Home Loans conducted a national survey of more than 1,000 recent homebuyers and found that most homebuyers believed they were better buyers due to technology. The survey discovered that 89% of respondents used some form of online technology to help them in the home buying process, 76% felt technology made them a more knowledgeable home buyer and 69% said technology made them more confident. About half of respondents said that using technology saved them money and 92% said it saved them time. For Realtors out there, almost three quarters (74%) said it's essential for their real estate agent to be tech savvy and 42% of buyers working with agents said they did most of the work to initially find properties. And heck, most of the millennials haven't even hit the market yet!

Read more...  http://www.mortgagenewsdaily.com/channels/pipelinepress/12012014-penguin-commercials-nina.aspx

Reuters: Business News

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