Nationally Recognized Real Estate Expert Forecasts “Sharp Contraction” in Real Estate Market


Nationally Recognized Real Estate Expert Forecasts “Sharp Contraction” in Real Estate Market

RESPRO attendees that clearly “one-stop shopping is the homebuyers’ preference and is growing rapidly.”He noted that with this strong preference on the part of homebuyers, the nation’s leading homebuilders are seeing mortgage capture of up to 90 percent, up to 100 percent of title insurance capture and up to 50 percent of homeowner insurance capture; all of which add considerable value to the bottom line in the sale of a new home.Among Dr.

Homebuyers under 34 years old were the least satisfied with the purchase process in terms of service- Homebuilders focus on minorities and therefore minorities are buying new homes at twice the frequency rate of whites- The Internet has a significant impact on the real estate industry as 90 percent of agents report that it has made them more productive and 70 percent of homebuyers use the Internet extensively before even meeting a real estate agent.

ResproThe Real Estate Services Providers Council (RESPRO) is a national non-profit trade association that unites providers from across the home buying and financing industry towards one common goal: to promote the efforts of all providers to deliver convenient, innovative and cost-effective services to homebuyers and home owners through strategic alliances across industry lines. For a Dr. Edwards’s complete powerpoint presentation see below:CONTACTJoseph S.

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