CNBC (9 August 2020) Housing market skirts coronavirus crisis as sellers use 3D virtual tours to find eager buyers

"While shelter-in-place orders shut down much of the economy, realtors stepped up their use of 3D virtual tours to sell houses," reports CNBC.

"During the pandemic, Matterport has rapidly transitioned from being a niche product used by big budget groups in commercial and residential real estate to a standard technology for realtors of all sizes across the country. The company told CNBC that from the beginning of March to mid-June, it saw a 157% increase in the number of models created per week," reports CNBC.

"Redfin has been using Matterport’s technology since 2014. The company said in May that views of virtual walkthroughs were up over 300% since the pandemic began. Zillow has its own proprietary technology for virtual tours, including an iPhone app, though realtors can add Matterport-powered tours to their listings if they choose. The company said on its earnings call that sellers have tripled their use of 3D home tours since March," reports CNBC.

I encourage you to read the entire story.

Best,

Dan