Housing market skirts coronavirus crisis as sellers use 3D virtual tours to find eager buyers

Nationally, however, home prices rose 4.9% in June from a year earlier, up from 4.1% growth in May, according to CoreLogic. Prices climbed 1% month to month, the fastest monthly gain for June since 2013.

Sharp said his firm, which sells homes in and around Dallas, started using virtual tour technology in May after transactions slumped in March and April. By July, he said, business was up again, and August is poised to be his best month ever based on deals in the pipelineSharp uses technology from , a nine-year-old Silicon Valley start-up that makes $3,400 3D cameras, specifically for real estate, and provides software for showing the listings.While virtual tours have been around for many years, Sharp said Matterport takes you to the next level so it's almost like physically being there. By getting every angle and every nook and cranny, floor to ceiling, and layering the images on top of the house's digital floorplan, the walkthrough feels close to realistic.

"It gives you the same ability to beam to another place," said Sharp, who's been giving guided tours to potential buyers overDuring 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.

Ah yes, during the global pandemic. We are reminded that some people are still buying huge houses. Probably the same people that are staying inside. Or throwing Corona parties. 3 cheers for the bourgeoisie!!!

It's called Matterport and it's revolutionary. Me and my fellow insurance claims examiners use it to investigate claims. It's fantastic. Zoom in, zoom out, look up and down, the ability to walk through a home into every area and the cost to do it is minimal.

Ok Elon

If you need any Business Logo, Business Card, Banner, Flayer, Br-ocher etc the you contact

*The house on your screen is not to scale

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