{"id":4127,"date":"2018-12-29T11:13:16","date_gmt":"2018-12-29T16:13:16","guid":{"rendered":"https:\/\/dankrell.com\/blog\/?p=4127"},"modified":"2019-07-22T06:50:36","modified_gmt":"2019-07-22T10:50:36","slug":"real-estate-futurism","status":"publish","type":"post","link":"https:\/\/dankrell.com\/blog\/2018\/12\/29\/real-estate-futurism\/","title":{"rendered":"Real estate futurism"},"content":{"rendered":"\n
\"real<\/a>
Real estate futurism (infographic from nar.realtor).<\/figcaption><\/figure><\/div>\n\n\n\n

Humans are fascinated with the future and technology.  Whether it\u2019s the promise of hope and deliverance, or the warning of a dystopian nightmare, there will always be a continued conjecture of the future.  And it\u2019s no different with real estate.  Real estate experts also like to dream about the future and technology<\/a>, and depict real estate futurism<\/p>\n\n\n\n

Housingwire is one the foremost authorities on anything real estate and housing.  It also is a leader in reporting about real estate technology too. This year\u2019s reporting of Housingwire\u2019s Tech100 Awards caught my attention.  But it wasn\u2019t about some shiny new technology that is touted to be \u201cthe next big thing.\u201d  Instead, it was the real estate futurism prediction and where real estate technology is headed (Expert: Here\u2019s where real estate tech will be in five years, And will AI replace humans?<\/a><\/em>; housingwire.com December 21, 2018).<\/p>\n\n\n\n

Although the article was only one expert\u2019s opinion of real estate futurism, it\u2019s telling nonetheless.  The expert sees that tech assisted appointments and automatic doors are technological advancements.  Additionally, home buyers will be using virtual reality<\/a> to view homes.  He sees that consumer searches are geo-located. Big data will know what they want based on their online behavior, and so on.  If his list of the industry\u2019s future tech sounds as if it came from the early 2000\u2019s, you\u2019re not alone.  If you think about it, much of this five-year tech advancement prediction has already been around in one form or another.<\/p>\n\n\n\n

This expert\u2019s vision of real estate tech in the not-so-distant future is basically more of the same.  It makes you wonder if the real estate industry is focused on using shiny things to get people\u2019s attention (but really doesn\u2019t do much to make the transaction easier and safer).  This interview also signifies that real estate futurism is relegated to existing tech. In other words, real estate technology is not exclusive unto itself, but is only the application of existing technology.  <\/p>\n\n\n\n

Predicting the future is difficult and requires the ability to depict a new paradigm.  Spyros Makridakis, an expert in understanding future technology, writes that tech advancement depends on four things; (1) the benefits of the technology, (2) funding to create\/implement the technology; (3) growth in funding the technology; and (4) the urgency to solve a problem (Forecasting the Impact of Artificial Intelligence, Part 5:The Emerging and Long-Term Future<\/a><\/em>; The International Journal of Applied Forecasting; 2018; issue 51 p36-41).  Makridakis\u2019 vision of future technology will not be about shiny things that make you go \u201cohh,\u201d but instead how you interface with technology. <\/p>\n\n\n\n

Makridakis\u2019 prediction for the future is that you\nwon\u2019t be using computer screens like you do today. Instead, you will have a\ntype of wrist device that projects holographic images that will \u201cblend virtual\nand augmented\u201d reality.  These devices\nwill be like your smartphone but allow holographic communications.  Additionally, brain-computer interfaces will\nallow you \u201cunlimited access to computer power.\u201d \nHe believes that this paradigm shift will affect how you work and\ninteract socially.  He also believes that\nrobots will become personal assistants and be assigned the boring and\nuninteresting work.<\/p>\n\n\n\n

Real estate futurism based on Makridakis\u2019 futuristic thinking could mean a slightly different home buying and selling process.  Your augmented brain-computer interface will allow you to process information about a home significantly faster, as well as digitally sign AI prepared contracts and closing documents. And instead of scrolling through pictures or wearing a virtual reality mask, you will be walking through holograms of homes right in our living rooms projected from your wrist.<\/p>\n\n\n\n

Original located at https:\/\/dankrell.com\/blog\/2018\/12\/29\/real-estate-futurism<\/p>\n\n\n\n

By Dan Krell<\/a>. Copyright \u00a9 2018. <\/p>\n\n\n\n

If you like this post, do not copy; instead please:
link to the article<\/a>
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\nDisclaimer<\/a>.\n This article is not intended to provide nor should it be relied upon \nfor legal and financial advice. Readers should not rely solely on the \ninformation contained herein, as it does not purport to be comprehensive\n or render specific advice. Readers should consult with an attorney \nregarding local real estate laws and customs as they vary by state and \njurisdiction. Using this article without permission is a violation of \ncopyright laws.<\/p>\n","protected":false},"excerpt":{"rendered":"

Humans are fascinated with the future and technology.  Whether it\u2019s the promise of hope and deliverance, or the warning of a dystopian nightmare, there will always be a continued conjecture of the future.  And it\u2019s no different with real estate.  Real estate experts also like to dream about the future and technology, and depict real … <\/p>\n

Continue reading “Real estate futurism”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[270,1012,382,13,1170,680],"tags":[1185,516,1186,490,797,517,997],"class_list":["post-4127","post","type-post","status-publish","format-standard","hentry","category-home-buyer","category-home-buying","category-home-seller","category-real-estate","category-selling-a-home","category-technology","tag-artificial-intelligence","tag-buying-a-home","tag-futurism","tag-home-buyer-2","tag-real-estate","tag-selling-a-home","tag-technology"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p1VZLf-14z","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"jetpack_likes_enabled":true,"_links":{"self":[{"href":"https:\/\/dankrell.com\/blog\/wp-json\/wp\/v2\/posts\/4127","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dankrell.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dankrell.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dankrell.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dankrell.com\/blog\/wp-json\/wp\/v2\/comments?post=4127"}],"version-history":[{"count":7,"href":"https:\/\/dankrell.com\/blog\/wp-json\/wp\/v2\/posts\/4127\/revisions"}],"predecessor-version":[{"id":5348,"href":"https:\/\/dankrell.com\/blog\/wp-json\/wp\/v2\/posts\/4127\/revisions\/5348"}],"wp:attachment":[{"href":"https:\/\/dankrell.com\/blog\/wp-json\/wp\/v2\/media?parent=4127"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dankrell.com\/blog\/wp-json\/wp\/v2\/categories?post=4127"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dankrell.com\/blog\/wp-json\/wp\/v2\/tags?post=4127"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}