Image Boise, Idaho Being The Hottest Housing Market In The U.S
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How High-Tech Applications Are Replacing Traditional Real Estate Practices
Technology offers a bright future to the real estate industry, especially for both selling and leasing activities. However, it is believed that high-tech platforms and applications would replace brokerage staff or traditional agencies. Let’s look at its advantages and disadvantages, then draw your own conclusions whether the replacement will be possible or not.
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An All-Time High In The US Real Estate Market
The real estate market is still on fire and continuing to soar significantly this summer. According to the S&P CoreLogic Case-Shiller, the nation’s house price index has been hitting the record high at 243.66, increasing 13.2% year-over-year as of March 2021. Below is the home price data list of 20 major U.S. metropolitan areas ranked from highest to lowest in 12-month change.
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People Can Now Invest In Real Estate Through A Virtual World
Decentraland, a 3D world created by Meilich and Ordano released in 2020, is a blockchain platform giving customers’ virtual lands ownership by using Non-fungible tokens, indicating various digital assets, including audio and video files virtual land (NFTs). This Ethereum-based blockchain platform allows users to purchase, construct, and monetize virtual reality applications—all the transactions in this virtual world use MANA, a cryptocurrency of Decentraland.
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