The MIT Real Estate Innovation Lab explores three areas: innovations in building design that lead to new building types; new processes in construction such as 3-D printing and modular construction; and new data technologies with the potential to transform the organization of cities. These kind of advancements have allowed venture capital investment firms to go from $200,000 per year in 2008 to $1.8 billion today.
On average buyers spend 17 weeks shopping before finally purchasing a home. Researchers say that you should meet with a realtor 4-6 months prior to beginning your search. Inventory on homes right now is so low it is crucial to plan home buying early.
Sotheby’s International Realty, has become one of the first real estate entities in the US to fully support 3D tours online. The tours feature a virtual reality tour experience that can be viewed through devices such as Android phones or VR headsets. Virtual reality and 3D technology are used by placing cameras throughout properties to create images that transform the traditional way people view homes online.
This article recaps all the biggest moves in the real estate industry from the previous week. For example, Zillow has partnered with Exit Reality to add Zillow agent reviews to its agent profile pages and makes dotloop its preferred transaction management platform. Find everything you missed last week here.
The ultra-wealthy with more than $50 million or more in net worth, have picked up on real estate buying. Research shows that there are more than 123,000 individuals in this category, a whopping 53 percent jump in just five years with most of them reside in North America. A survey found that 25 percent of this wealthy group were looking to purchase new property over the next three years, with 18 percent looking to sell.