When it comes to new digital trends, the real estate market isn't far behind it as a whole. However, what kinds of new trends work in the market today? Are those new trends going to significantly change the whole real estate market?
New Digital Trends in the Current Real Estate Market Today
According to Apiko, there is an uncanny negative connotation when it comes to linking technology to the real estate market. Some see the technology as a hindrance to the traditional real estate market life, in which 45% of most real estate agents that have been interviewed say so.
However, reality speaks much for itself as the current technology of today as many forms of it are starting now to integrated itself to the current real estate market of today. Many of those have started to catch up with the current trends that most are getting familiar with. And there are two major reasons as to why technology is starting to become a huge asset in today's real estate market, which are listed below:
The internal improvement of technologies being used with the real estate market.
The high drive to adopt those digital trends in the market to be more customer-driven approach.
Now, next listed below are some of the known digital trends that are starting to become a huge hit in today's real estate market:
- Big Data Technology - an automated algorithm program that handles online data in the online real estate market will help agents to handle it more efficiently than without one.
- CRM Software or Custom CRM Development Software - a data management software that specializes in handling various tasks such as: maintaining data of various customers and companies, and managing digital relationships with those same customers and companies.
- AI & Machine Learning Technology - thanks to the combination of both AI & machine learning, the handling of such complicated & sophisticated tasks a huge breeze, fully automating many kinds of tasks that are very repetitive and time-consuming.
- Predictive Analytics Technology - this is a combination of Big Data and machine learning usage to predict many upcoming forecasts and trends in a specific market, such as in the real estate market.
- Blockchain - this digital trend is used for handling the data of digital transactions while storing copies of digital registries of those said digital transactions.
Usage of Cloud Computing - this kind of technology uses the power of Cloud computing, wherein it uses the raw power and computing energy of server-based mega computers through a specific service provider like Google. This can digitally help many agents in the real estate market handling many amounts of computations and data that they get from their customers and investors alike.
ALSO READ: What are the Next Big Trends in Real Estate Technology?
Other Notable Digital Trends That Will Become Huge in the 2021 Real Estate Market
According to Industry Wired, there are additional digital trends that will greatly affect the real estate market of today, which will be listed below:
- The great expansion of AI technology.
- Greater digital data execution and management.
- The increase of co-investing, both in traditional and digital ways.
- The creation and introduction of new digital platforms that both investors and customers use.
- Greater robotic automation in many complicated tasks, both physically and digitally.
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