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From blockchain to VR home tours, technology is shaping the real estate industry for the better. More than 70 percent of today’s buyers search for homes online. From blockchain to VR home tours, technology is shaping the real estate industry for the better.
The real estate market is full of legacy systems, untapped data, and outdated processes from every angle. Whether it’s commercial, residential, B2B or B2C, all up and down the supply chain there are innovators tackling ReTech problems. The market is prime for technology acceptance and usage. In this article, we’ll examine real estate trends already underway and predictions for what is to come, painting a picture of the landscape for real estate newcomers, and technology insights valuable even for industry veterans.
The term is used to denote either ‘tools’ or ‘companies’ collectively.
In the first case, it’s an umbrella term for software tools and platforms used by different participants in the real estate industry, including brokers, investors, real estate-focused lenders, property owners and managers.
In the second sense, it’s an economic industry composed of companies which use technology to make real estate transactions more efficient.