Millennial consumers streamline real estate with predictive applications
Implications - As millennials begin to start families, they're becoming more interested in purchasing rather than renting a home. The path to purchase for millennials, however, has evolved to be more tech-focused. Whether it's mobile apps that apply human expertise in a systematic way, or predictive systems that offer insight into pricing models, these offerings speak to the ways technology is ensuring big-ticket purchase decisions are more data-driven, and therefore, more reliable.
Workshop Question - How can you assist consumers in their pursuit to research purchases?
Trend Themes
1. Predictive Applications - Applications that leverage predictive systems to offer insight into pricing models and streamline big-ticket purchase decisions.
2. Artificial Intelligence - Software that uses artificial intelligence and machine learning to predict housing prices, determine accurate prediction models, and create formulas accordingly.
3. On-demand Realtor Apps - Apps that connect buyers with real estate agents anywhere in the world to provide professional advice 24/7.
Industry Implications
1. Real Estate - Real estate professionals can leverage these trends to enhance their services and streamline the buying experience.
2. Technology - Tech companies can develop innovative platforms and tools that incorporate predictive analytics, AI and on-demand services to drive industry growth and enhance customer experiences.
3. Big Data - Companies can leverage big data to optimize real estate marketing strategies and better understand buyer preferences and behaviors.
