Under the sea is a great place to be unless you’re a office building. The commercial real estate loss potential from projected sea level rise in the coming decades is significant. Lloyd’s City Risk Index projected major cities billion-dollar economic impacts from sea level flooding, like Los Angeles with an estimated $13.3 GDP risk. Right now the CRE industry is preparing for the threat on a regional basis.
Real estate agents can show you the world--anywhere, anytime, thanks to virtual reality technology. In an industry like ours that is heavily dependent on buyers seeing a space, virtual reality (VR) is making 2D renderings and open houses a concept of the past.
Hitting the public marketplace just six months ago, online marketplace Roofstock is raising the roof on the $2 trillion single-family rental home market segment. The Oakland-based startup successfully closed Series B funding with $20 million in raised capital. Lightspeed Venture Partners spearheaded the campaign.
CubiCasa continues improving real estate marketing with large ambition: by the end of 2017, all Manhattan residential apartments are available as virtual reality compatible 3D models. Together with digital floor plan images, they are made available via CubiCasa on-demand platform service.
Blockchain technology is poised to transform the real estate industry. Other nations have invested in the secure potential. Now the Cook County, Illinois Recorder of Deeds Office is pioneering its use in the United States through a partnership with startup Velox. The Office becomes the first government agency to experiment with blockchain’s potential for secure record keeping.
In a historic victory, America elected its first real estate developer the next President of the United States. The anticipation is rising to see what measures Donald Trump will be able to enact regarding real estate with a Republican-led congress. No one knows for certain how the election results will play out, but based on Trump’s campaign, this is what could be in store for the real estate industry over the next four years.
Rental application HomeMe announces it has completed a successful $3.2 million second round of seed financing. The mobile app pre-approves and screens potential renters and matches them with apartments and landlords that will actually approve their application.
Need content marketing help? Enter The Real Estate Content Marketing Guidebook, the latest tool that maps how to create a successful strategy to build brands and generate new leads. The process covered in the book will help organically position tech startups and other real estate professionals as thought leaders in their fields. Gain insights from industry leaders and real world examples of content marketing.
Following a successful $5.5 million Series A funding campaign spearheaded by Canaan Partners, Mynd has opened its service to property investors in the San Francisco Bay Area. Mynd’s mobile-focused property management platform provides complete service for residential buildings 50 units and smaller.
For quite a while now, entrepreneurs in all industries have been making use of technology in the hopes of making processes more efficient. However, when it comes to the real estate industry, innovation has been known to trudge along. The process of buying property has been largely static, but there are those looking to grab their own chunk of the gargantuan market.
When Jeremy Shoenig would talk to real estate brokers and agents about the technology they used to speed up their processes, he found they were using a non-industry designed product or nothing at all because the software was too expensive for their business. Seeing his customer’s need for a solution, the EZCoordinator co-founder went to work.
Experience over 250,000 real world spaces from anywhere at anytime thanks to CoreVR, a virtual reality (VR) upgrade hosted by Matterport. The new feature will be available free of charge for any new Matterport 3D space created through the end of 2016.
Media innovator Matterport is leading the way in creating and distributing 3D and virtual reality content across the real estate industry. Their latest figures showcase the tremendous potential of immersive technology across various market segments with the number of new Matterport Spaces tripling over the last year.
A vetted audience of leading innovators in real estate technology will engage in panels, roundtables, and educational sessions during New York City Real Estate Tech Week, the largest gathering of the real estate tech industry in the world. Innovators and disruptors will participate in over 20 events spread across various NYC venues from September 26 through October 7.
The state of the American economy is a big player in this election cycle. With Republican candidate Donald Trump touting his business experience as Democratic candidate Hillary Clinton relies on her legislative record, voters should study their positions on economic issues.
The Olympic Games closed this weekend, but the lasting impact of the global event on Rio de Janeiro is still taking shape. In a city with dynamic contrasts between stacked hillside favelas and luxury towers of Copacabana Beach, the most significant economic impact comes from the effects of the Olympics on real estate.
To be successful in the highly competitive market of real estate, both agents and brokers must do everything possible to connect with all viable buyers and sellers. Unfortunately, a large number of real estate websites are not ADA compliant. That means that an entire community is shunned and that real estate professionals are missing incredible opportunities.
With Blockchain, which is somewhat similar to Bitcoin, and other virtual currencies powered by the Blockchain technology, there is a real possibility of eliminating the need for trusted third parties when facilitating transactions by using smart contracts. These contracts make it possible to automatically verify and enforce real estate contracts without having any human involved. As a result, the need for real estate agents, inspectors, title insurance providers, and lenders is greatly reduced.
This year, a number of interesting surveys have surfaced, but one in particular is getting a significant amount of attention. This particular survey suggests that the housing market could be impacted due to pessimism surrounding the presidential election.
Although brokers often have their own technology, the question is whether it should be used. If you have money to invest but are also interested in the technology provided by your broker, there are some things to consider.
Social media plays an important role in staying up-to-speed on the latest real estate tech information and news. By following the top leaders, you can gain tremendous insight. Of the many different social media platforms, Twitter is particularly helpful. Among the hundreds of experts who use this social media site, 20 stand out as being the best.
Real estate tech blogs are an excellent source of information, opinions, news, and ideas. No matter what your role is in this industry, certain blogs can be instrumental in your success. Although there are far more than 10 real estate tech blogs worth reading, those recommended rank among the best.
Unfortunately, many investors do not have a full understanding of the differences for deals, structures, and platforms. To understand the differences, you should start by learning what the top real estate crowdfunding platforms are. From there, you can research different opportunities according to your objective for investing.
Social media platforms offer an excellent way to generate a greater number of real estate leads. However, most people focus on Twitter and Facebook while overlooking the incredible opportunities associated with LinkedIn. As the number of real estate agents connecting on LinkedIn has grown dramatically, this is an excellent addition to make to your marketing strategy.
Real estate may have remained firmly entrenched in decades-old practices until recently, but an expansive array of new tech trends is set to have a firm impact on the industry in the coming months. As the real estate industry works to adapt to the latest tech developments, buyers, sellers, investors, and real estate professionals will likely see a number of changes in the near future.
Millennials have definite ideas regarding what they want in the home buying process, and are not willing to settle for less. Real estate professionals who are able to meet the tech-driven demands of Millennials will have the opportunity to edge out the competition.
While the real estate field may have been slow to adapt to new technology, that has all begun to change in the last few years, and there is now a strong demand for new technology within the industry. A rising number of startups are now filling that void, encouraging the traditional world of real estate to make the changes necessary to enter a new age. To a large degree, the real estate industry has now entered what could be termed as none other than a competitive tech race.