Real estate’s paperless transaction revolution is happening at light speed

Anyone who has experienced the ease, control and transparency that a digital real estate transaction affords can sense that the days of completing deals using dead trees are more than numbered — they’re burning up.

Data provided exclusively to Inman from two of the most popular digital transaction platforms in real estate, SkySlope and dotloop, which both launched in 2009, reveal both the companies’ skyrocketing growth and real estate’s light-speed groundshift from paper to digital.

The firms’ data suggest that more than half of all residential real estate transactions in 2015 will be completed digitally, roughly double the share in 2014.

2015 projections (2014 totals)

Fannie Mae’s projected number of new and existing home sales
5.6 million (5.4 milli…