One-stop shop real-estate companies are expected to be the biggest disruptors of the 2022 market as they continue to gain momentum among home buyers and sellers looking for a more efficient sales process, National Mortgage News reports. Following closely behind are all-cash purchase programs and iBuyers that make algorithm-based instant offers for online home buying.
Mortgage lenders also predict that affordable housing will be the most important legislative priority of 2022 in an ultra-competitive market driving up prices. Despite many likely changes in the new year, mortgage professionals anticipate that the pace of foreclosures will stabilize in 2022 if new pandemic-related concerns don’t emerge.
More than half, or 54%, expect one-stop shops, in which residential real-estate buying is centralized with related services included, to be the biggest potential industry disruptor in the next three years, and residential real estate finance companies are in the midst of working out how to position themselves in light of that shift.
The Arizent survey’s mortgage industry respondents came from both nonbanks (29%) and banks (42%) and also included mortgage brokers (15%) mortgage insurance companies (7%), mortgage tech providers (5%) and government and title insurance professionals (2%).
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