February 9, 2010
By Sophia Stuart, Research Economist
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- Regardless of use of the Internet in the home search process, home buyers continue to rely on the assistance of real estate professionals; 79 percent of home buyers using the Internet bought their home through an agent.
- Buyers using online resources also purchased a home more frequently through a foreclosure or trustee sale in 2009 than the year before, jumping from 3 percent to 10 percent.
- In cases where home buyers did not use the Internet, they still purchased homes largely from an agent, but they also were more likely to purchase a home from a builder or from a seller who they already knew.
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Source: National Association of Realtors® 2009 Profile of Home Buyers and Sellers
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