Home buying technology is playing a role in pushing the price of homes much higher. The increased efficiency of the home buying process thanks to technology is allow for a much higher demand of homes. In a post pandemic housing market, the quicker you can put in an offer the quicker you are going to get a deal as well. The feedback cycle is also going to force even higher home prices for the next wave of buyers as well.
- Housing prices are continuing to increase and part of that is because of the technological advancements in the home buying process.
- Home buying platforms allow buyers to browse through different housing info at a very quick speed.
- There are much quicker offers happening post pandemic that are leading to higher prices and even higher prices in the future.
“According to Forbes, that increased efficiency exaggerated the rising demand that came from lower mortgage rates and pandemic changes in demand.”
Read more: https://www.probuilder.com/how-home-buying-technology-may-be-pushing-prices-higher