Are traditional real estate models extinct? The two videos below shed light on how the Boston real estate industry from mortgages to real estate agents will dramatically change in the next two years.
Some highlights:
*Full service apps will steal market share from traditional real estate models
*Zillow will continue to take on more market share.
*Mortgage companies will be laying off employees as technology will perform underwriting via automated engines. The autonated engine will be able to review credit profile, individual assets, income and be able to verify employment.
*As Jeff Bezo, founder and CEO of Amazon stated: “Your margin is my opportunity” Will Jeff Bezo allow the 3% -6% real estate commission model last?
The next video is from ex Intel employee and now futurist lector, speaking about how technology will impact the real estate industry. Steve Brown claims the next two years will have a bigger impact than the last 10 years combined.
Updated: 1st Quarter 2018
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