Interesting insights emerge when dozens of real estate experts gather to discuss the future of real estate. Those insights are detailed in the latest real estate trend report from the Strategic Issues Work Group of the National Association of REALTORS®’ Association Executives Committee.
Based on discussions between AEs, brokers, sales associates, real estate consultants, economists, and technology experts, “Unleashing the Power of Real Estate Data” covers the challenges and the potential opportunities facing the industry.
A wide range of real estate industry participants were invited to discuss two essential questions: What do you see as the future of real estate in the next few years and what are the major changes in the real estate business ahead?
The four central trends driving change that dominate the report are advancements in data analysis, new concepts of “home,” the values of the millennial generation, and the growth of the on-demand economy.
The report also touches on trends in housing, technology, and trends among brokerages, MLSs, and agents. The 13-page report, available for download at no cost at nar.realtor (search for “Unleashing the Power of Real Estate Data”) is intended to be a strategic planning aid to help associations, brokers, and other real estate professionals plan for the coming years. This is the eighth such report from the AEC workgroup in the last 16 years. For more, contact Cindy Sampalis, 312-329-8302.