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Our Predictions for 2023 Technologies and Trends

By Blog

As we head into 2023, our eyes are on the real estate sector as new technological advances emerge. In recent years, the industry has undergone some turbulence due to changes in how we buy and sell properties, all necessary to remain competitive in a rapidly changing market. There’s no doubt that technology has greatly impacted the real estate, architecture, and construction industries and the way people conduct transactions. 

As a means to assist the industry in growing and succeeding, technology will continue to be utilized. The following are our predictions for real estate technologies and trends in the coming year.

Virtual and Augmented Reality

In recent years, virtual (VR) and augmented reality (AR) have become more prevalent in real estate and architecture, speeding up sales significantly. If anything, VR and AR will only continue to grow in popularity and use.  With hectic lifestyles and limited accessibility, these technologies make buying and selling homes easier and faster.

Data Analytics

Data analytics is already widely used for a variety of purposes, including sourcing and analyzing data, identifying prospective buyers and sellers, developing marketing campaigns, and determining sale prices. Artificial intelligence (AI) is predicted to further accelerate the trend in 2023, continuing its upward shift. With the focus on predictive analytics, decision-making could be faster than ever before. Agents, architects, sellers, and builders can use predictive analysis of data to have a better understanding of and provide better service to clients.

Anticipatory Design

Anticipatory design is widely used in the travel, automotive, and entertainment industries to anticipate consumer needs and personalize their experiences. In the real estate, architecture, and building sectors, machine learning technology predicts what buyers want out of their homes according to factors such as age, career goals, or family life. By anticipating client needs, anticipatory design simplifies processes and provides them with options before they even have the chance to express them. As a result of simplifying the sales process, this technology speeds up sales cycles and encourages clients to invest time into the design or purchase process.

Digital Journey's

In the upcoming year, digital journeys could be used to optimize client experiences and save time by reducing the amount of time needed to fill out forms and paperwork. With this technology, documents can be tracked and transferred easily. Moreover, digital journeys have the potential to simplify processes such as scheduling appointments, follow-ups, quotes, contracts, and even the signing of documents.

IoT (Internet of Things)

The internet of things, or IoT, refers to normal physical items being connected to the internet, thus creating smart devices and objects. Our lives have been impacted by a rapid increase in smart devices and new gadgets in recent years. We are seeing IoT technologies used more and more in real estate to communicate better and in architectural design and construction to make homes more appealing to buyers. The technology serves a variety of purposes, such as minimizing maintenance costs or increasing security measures.

Looking Towards the Future

It’s clear that technology will continue to play a key role in real estate and similar sectors in the coming year. In this era of digitalization, staying ahead of the curve requires staying current with advancements and adopting them as soon as possible. A promising year is ahead for real estate technology.

About d3 creative studio

d3 creative studio specializes in creating virtual reality, real-time 3D visualization & interactive solutions for the architecture and real estate development industries. 

Our goal is to make every project we complete a new centerpiece for our portfolio; showcasing your project and our skills as a 3D studio.

Not in architecture? We create solutions far beyond home building. Let us take your project to new heights. Contact us today to learn more. 

Tech Tuesday: Compass has a Campus in Seattle

By Blog

It’s Tech Tuesday our weekly dose of tech innovations that are rapidly changing the real estate industry and beyond.

Article: https://www.geekwire.com/2019/heavily-funded-real-estate-startup-compass-moves-amazon-big-new-seattle-tech-center/

Compass is in the news again – the real estate brokerage and tech firm just opened a new tech center in Seattle. The campus in Seattle is geared toward building a platform to power all real estate decisions for advisors, sellers, and buyers. 

Compass also just launched a new consumer site that lets agents collaborate with their buyers. A few features included AI-driven recommendations for the buyers, and you can monitor the market in real-time.

Watch the full video here – https://youtu.be/kbWcXqtc4g4

Tech Tuesday: Redfin – Buy Homes Online

By Blog

It?s Tech Tuesday ? our weekly dose of tech innovations that are rapidly changing the real estate industry and beyond.

Article: Real estate site Redfin has been testing a feature for buyers to bid for homes online

Author: By Andrew Liptak

Redfin is now offering more to customers!

The real estate company, Redfin has been testing a new feature that will allow home buyers to place a bid on a property. Sellers who accept an offer would then pay a 2 percent fee to the company.

Tech Tuesday: How do you stay on top of real estate technology?

By Blog

It?s Tech Tuesday ? our weekly dose of tech innovations that are rapidly changing the real estate industry and beyond.

Article: Eight Ways To Stay On Top Of Real Estate Technology Changes

Author: Expert Panel, Forbes Real Estate Council

How do you stay on top of new technological trends?

Things change fast in the tech world, and it’s getting difficult to keep up.

Staying up to date with tech trends is vital to your success. There are many digital resources to help you identify new technologies in the market and whether or not you should implement them within your organization.

To help you decide if a new technology is right for you and your company, take these tips from the Forbes Real Estate Council into consideration:

  1. Tech should make your life easier, not harder. Find a tech solution that can help you save time and that easily aligns with your goals and objectives.
  2. Keep an eye on competitors and see what they are doing in terms of tech adoption.
  3. Seek tech centered around data.
  4. Ask investors and Syndicators.
  5. Talk with industry leaders.
  6. Learn about tech that’s still in development.
  7. Keep track of innovative companies.
  8. Watch how others are using tech.

You can read the full article, here.

Tech Tuesday: Real Estate Companies Should Have a Tech Team.

By Blog

It?s Tech Tuesday ? our weekly dose of tech innovations that are rapidly changing the real estate industry and beyond.

Article: Every Real Estate Company Should Have a Tech Team

Author: Kelsi Maree Borland

It’s important for every real estate company to have an in-house tech team, or at least someone that is staying up-to-date on technological innovations. Technology will continue to advance and impact the real estate industry, in both good and bad ways. Read the full article, here.

What can you do to stay on top of recent technological innovations:

  1. Read/subscribe to tech news.
  2. Attend tech conferences + seminars.
  3. Network with those in the tech industry.

How tech companies plan to fix real estate transactions

By Blog

How tech companies plan to fix real estate transactions

It?s Tech Tuesday ? our weekly dose of tech innovations that are rapidly changing the real estate industry.

Article:?The real estate transaction is broken. Tech companies want to fix it.

Author:?Jeff Andrews

Buying and selling a home can pose daunting hurdles, but tech companies are finding new ways to solve this.?Companies such as Opendoor and Offerpad are using algorithm based technologies to shape and change real estate.