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Share of home buyers and sellers who were comfortable with electronic closing documents in the United States in May 2020

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Source

Release date

June 2020

Region

United States

Survey time period

May 2020

Number of respondents

1,040 respondents

Method of interview

Online survey

Citation formats

Electronic closing: U.S. home buyers and sellers 2020

Published by ÌÇÐÄÆƽâ°æ Research Department, Jan 4, 2021
Technology has become more important in the real estate sector over the past years. According to a May 2020 survey, more than half of United States home buyers and sellers were comfortable with signing closing documents for a real estate transaction electronically. Additionally, ** percent of home buyers and ** percent of home sellers believed that agents and brokers should know how to sign closing documents electronically.

In 2020, home buying behavior changed drastically due to the COVID-19 pandemic. As a result, ** percent of United States home buyers delayed their home buying process for a couple of months.
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