Consumers turn to mobile apps to make hassles of buying less cumbersome
Implications - While home buying serves as a significant step in the road to adulthood, the process can be complicated, especially for first-time buyers. Seeking to partake in mature experiences in a more contemporary, customized manner, consumers are turning to mobile apps to make analyzing and inspecting homes more conducive to an on-the-go lifestyle.
Trend Themes
1. Mobile Real Estate Apps - The rise of mobile real estate apps has made buying a home more convenient and accessible for consumers.
2. Augmented Reality - Augmented reality technology has advanced the real estate industry, allowing buyers to see and interact with properties in a more immersive way.
3. Natural Disaster Sensing - Technology that alerts homebuyers about potential natural disasters in the areas surrounding a property has become a growing trend in the real estate industry.
Industry Implications
1. Real Estate - The real estate industry has witnessed a significant transformation due to technology and many professional individuals will have to adopt these trends to succeed.
2. Technology - The role of technology and its potential to innovate sectors such as real estate is constantly growing.
3. Mobile App Development - The increase in mobile app development for the real estate industry presents a significant opportunity for entrepreneurs looking to create disruptive innovation.
