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Sign into your accountWhat’s the Future of Real Estate?
August 11 2014
In 1991, the National Association of REALTORS® made an "office of the future" video predicting what kinds of space-age technologies would change the home buying and selling process by the year 2000.
Jon Coile, broker-owner of Champion Realty in Severna Park, Md., dug this gem of a video out of the NAR archives for his presentation last week at the Broker Summit in Atlanta.
Did NAR get the fashion wrong? Yes. (Is NAR really known for its fashion sense?) But how far off was the video, really?
Today we have AT&T Digital Life (the home automation mentioned in the video), Skype (video calls), thumb drives (mini discs), MLS with photos (home tour line drawings), smart appliances ("Microsoft Maytag software"), Siri (talking cars), and GPS (car navigation systems). "And they're still going to need an agent – they got that right, too," Coile said.
So this video begs the question: What does the next decade hold for the real estate industry?