The number of investors using digitalization to buy newly available single-family homes is growing, as a new report from the Joint Center for Housing Studies shows how the use of data analytics is transforming how residential real estate is bought and sold.
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Digitization Will Put Big Banks Ahead
Non-bank lenders won’t lead the mortgage space for long, according to Fitch Ratings. As the mortgage process gets more digital, the agency says its big banks who will take over, thanks to their greater resources and ability to tie in additional financial products. Investment in digital processes will be key as millennials buyers make up the larger market share.
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