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May 19, 2004 by Dane Carlson | 1 Comment

KFMB TV:

Real estate and mortgage brokers have less of a hold on clients from the start of the home-buying process, according to a national study which researchers at the University of Arkansas at Little Rock helped organize.

More Americans are doing Internet research before they make their first calls when starting to buy a home – a practice that’s lowered commissions in certain regions, the study concluded.

While less than 1 percent of 5 million homes bought and sold every year are closed online, the study found more than 70 percent of all home buyers start their search on the Internet.