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).
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Americans picked up their spending from October to November as the unofficial holiday season kicked off, underscoring that shoppers still have power to keep buying.
The average long-term U.S. mortgage rate dropped below 7% to its lowest level since early August, another boost for prospective homebuyers who have largely been held back by sharply higher borrowing costs and heightened competition for relatively few homes for sale.
Mortgage rates have dropped below 7% for the first time since the middle of August.
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