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DS News February 2021

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93 93 INVESTMENT GOVERNMENT PROPERTY PRESERVATION INDUSTRY UPDATES REALTOR.COM ENHANCES 3D HOME TOURS At the end of January, Realtor.com announced that it is adding two new technology providers, Asteroom and CloudPano, to provide additional 3D tour options for home shoppers. In addition to Matterport tours, real estate agents can now upload tours from Asteroom and CloudPano directly to listings on Realtor.com. "Concerns around the pandemic certainly heightened the demand for 3D tours, as many home shoppers wanted to explore the home but didn't feel comfortable visiting in person. However, they are more than just a COVID-19 solution, they are now an important option for consumers during their home buying journey," said Rachel Morley, Chief Product Officer at Realtor.com. "Realtor. com is adding two new technology providers, Asteroom and CloudPano, to help empower agents and brokerages to add more 3D tours to their listings, which we know leads to more views and better engagement." According to the announcement, by clicking on the "3D tour button" on a Realtor. com listing, the viewer can explore an interactive 360-degree view of the home, just as if they were walking the property in person. Asteroom, CloudPano, and Matterport have offerings that leverage smartphone cameras which enable quick scanning and cost less than solutions that require specialized equipment. A Realtor.com consumer survey conducted in the spring found that 65% of home buyers believed that virtual tours would continue to be a great resource in their home shopping process even after the pandemic. At the peak of the COVID-19 lockdowns, listings with virtual tours received 17% more views per property and in December, listings with 3D tours on realtor.com were up 227% since the pandemic began in March.

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