No, real estate is not a dying industry because people will always need housing. There are always ups and downs in every industry. The development of new technologies will evolve how properties are shown and how the buying or selling process is conducted.
Change in the real estate industry became a requirement as with many other industries, during the ongoing covid pandemic. Real estate showings went from in person walk throughs of the properties to a more digital focus. In our office, we started to have a larger focus on video tours as well as 360 self-guided virtual tours of the homes. While these were a great starting point, agents evolved further in the real estate selling process when they began to do walk through videos using zoom, to highlight and discuss more about the properties being shown or sold. Continued technology advancements and innovations in real estate will provide ongoing growth and viability for the industry. Real estate agents are here to stay.
We recently covered the topic of vetting real estate agents, which can help you answer if “you need a real estate agent to sell your home”. Learn more about our real estate agents and contact us to see how we can help you, while staying safe during and after the pandemic.