Current Real Estate Trends Affecting Brokers and Agents
I saw this really interesting list of current real estate trends on Wikipedia. The list is of the top 10 trends that are affecting the way real estate agents are doing business. I wanted to share it with you and over the next couple of weeks add my thoughts and comments on each trend.
The only annual report detailing real estate trends impacting the residential real estate brokerage business lists the following 10 trends as having the largest impact on residential real estate brokers and agents over the next 12 – 18 months.
Trend #1 – Growth of Social Media and Virtual Communities
Trend #2 – The Sub Prime Lending Collapse Driving Rise in Foreclosures
Trend #3 – The Importance of Information in Real Estate Business
Trend #4 – The Changing Borders and Structure of Multiple Listing Services
Trend #5 – The Search for Productivity in a Declining Housing Market
Trend #6 – Growth of Identity Theft in MLS and Increased Data Security Concerns
Trend #7 – Evolving and Changing Real Estate Business Models
Trend #8 – How Existing Large Real Estate Brokers are Expanding
Trend #9 – The Changing DNA of the New Breed of Real Estate Agent
Trend #10 – Rise of Women, Gen X and Minorities in Leadership Roles
I look forward to hearing your comments too.
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This list of trends in real estate looks very interesting! I look forward to reading more about them in your future blogs.