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February 2017   Volume 43, Number 2      
 

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Hiver CEO Predicts Major Tech Trends in Real Estate for 2017

In an interview with Realtor.com, Niraj Ranjan Rout, cofounder and CEO of Hiver, recently predicted that technology will have a major influence on the real estate industry in 2017. He estimated that virtual reality, big data and home technology will become the biggest real estate trends of 2017.

“Aside from internalizing technology on an everyday basis to run your real estate business … there are some very huge tech trends that literally can change everything as we know it,” said Rout.

Virtual Reality: For years, consumers have enjoyed virtual reality (VR) in the gaming industry. Now Rout expects that VR will begin to have a major impact on the real estate industry by giving buyers opportunities to experiment with different home styling options and navigate floor plans.

Big Data: In 2017, real estate professionals will make greater use of big data. They will turn to big data sources, like Facebook, to connect with and learn more about people who plan to move.

Home Technology: Technology, such as smart lighting, temperature controls, and automated door locks are expected to increase in demand among homebuyers in 2017.

“It’s improving energy efficiency, quality of life, home functionality, and more,” said Rout.

 

 

 

 

In this issue:

Tiny Home Neighborhoods Are Popping up Across America

Chinese Developers Reassess U.S. Projects

Commercial Real Estate Market Sees Mixed Results After Election

First-Time Homebuyers Struggle to Find Affordable Homes to Purchase

Hiver CEO Predicts Major Tech Trends in Real Estate for 2017

Homebuilder Confidence Has Increased, but They’re Not Building New Homes

Newly Created S&P 500 Real Estate Sector Continues to Decline

Redfin Predicts 2017 Will Be the Fastest Housing Market on Record

Russian Interest in U.S. Real Estate Increases After Trump Election

Rising Sea Levels Are Forcing Agents to Rethink How They Sell Coastal Properties


 


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