2018 as a year has been that of twists and turns for the real estate market. Despite that, the global real estate software market is expected to post a CAGR over 8% during the period 2018-2022, according to the latest market research report by Technavio. When we talk about the real estate industry, not much has changed in the past 50 years. Acc. to NAR, last year, 51% of buyers found the home they purchased on the Internet. But still, almost 88 out of 100 buyers use a real estate agent to handle the purchasing process.
The world is gradually becoming dominated by the presence of internet and the influence is visible across all business niches. Real estate has always been one of the most popular and reliable investment sources. According to a recent report by National Association of Realtors, 51% residents find their dream houses online. This particular sector is rapidly introducing digital tools that aims at making lives of both real estate brokers as well as clients easier and hassle-free.
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