3D virtual tours are a big part of what has kept real estate agents and the housing market afloat during the coronavirus pandemic.
Couple that with record low mortgage rates and many people choosing to relocate amid pandemic induced work from home adjustments and you’ve got a stable housing market.
Both Zillow and Redfin have reported better than expected results for the second quarter and much of that is owed to the effectiveness of virtual tours. With new technology, 3D tours are creating an even better experience for potential buyers and real estate agents and is becoming the default means of showing and viewing a home for sale.
“In a survey conducted last month and published Aug. 5, Redfin said that 25% of respondents indicated that the pandemic has made them want to move or has sped up their plans to relocate.”