Well, its time for all real estate technology bloggers to update their favourite statistic as the National Association of Realtors reports that 84 percent of recent home buyers used the Internet in their search, up from 80 percent in 2006.
The often-quoted number is among a number trends and developments in real estate technologies, revealed this week with the results of NAR’s 2007 Profile of Home Buyers and Sellers survey.
Some of the results were also discussed in sessions at the National Association of Realtors® 2007 REALTORS® Conference & Expo, also happening this week.
Bernice Ross, CEO of RealEstateCoach.com, says of the survey results, “Realtors® must be able to capitalize on immediacy and technological trends to better serve their clients by providing information and services home buyers and sellers want and need in real time,”
Ross also spoke about the importance of specializing in niche markets, such as recent immigrants, baby boomers, or members of “Generation Y”.