Could real estate go the way of the travel industry? Not quite | CNN

Could real estate go the way of the travel industry? Not quite | CNN

Could real estate go the way of the travel industry? Not quite | CNN

In the digital age, where technology has transformed everything from grocery shopping to managing finances, the traditional process of buying a home has remained relatively unchanged. However, a recent settlement involving the National Association of Realtors could be the catalyst for a major shift in the real estate industry. This change might lead to buyers and sellers paying their agents separately, potentially paving the way for technology to play a bigger role in how people buy homes.

The settlement could lead to innovations that simplify the home buying process, making it more transparent and less reliant on real estate agents. With nearly half of home buyers starting their search online, and many conducting their own research, the question arises: Is the role of the real estate agent becoming obsolete? This shift towards technology could make the industry more like personal finance or travel, where consumers have more direct control over their decisions and transactions.

Despite the potential for technological advancements to streamline the home buying process, experts believe that the value of real estate agents will not diminish. The complexity of real estate transactions and the significant financial implications of buying a home mean that many buyers will still seek the expertise and support of professionals. Real estate agents may evolve to act more as consultants, offering valuable insights and guidance throughout the buying process.

As the real estate industry adapts to these changes, the role of technology is expected to grow. From digitizing transactions to providing tools for home inspections and legal services, technology could reduce the costs and complexity of buying a home. However, the personal and behavioral aspects of home buying, such as the need for reassurance and guidance, suggest that a fully automated process is still a long way off……….full-loaf-600x400-1-e1700879832480 Could real estate go the way of the travel industry? Not quite | CNN[read more]

Rising Dough

Rising-Dough-e1700879911412 Could real estate go the way of the travel industry? Not quite | CNNConsidering the evolving landscape of the real estate industry, how might integrating technology in home buying and selling impact real estate agents’ traditional roles and the overall consumer experience?

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stonestreetcoffee.com ☕️ **Discover Stone Street Coffee Company - Your Coffee Haven!** Today's Dough readers, if you're on the hunt for exceptional coffee and cold brew, look no further than Stone Street Coffee Company. We at Today's Dough are smitten with their rich coffee blends and refreshing Cold Brew. Stone Street's commitment to quality shines through in every sip. Now, exclusively for our readers, click the banner above to snag a $5 off coupon on your next order. Experience the finest, ethically sourced beans roasted to perfection. Join the Stone Street community, savor top-notch coffee, and elevate your daily brew. ☕️🌟

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