Gravel2Gavel Construction & Real Estate Law Blog
Proptech and digital real estate are poised for growth in 2022, millennials continue to supercharge the housing market, real estate brokers and agents can leverage gaming technology to showcase property, and more.
- Last week’s MIPIM Propel conference in New York, which drew hundreds of real estate professionals, technology executives, and venture capitalists, involved discussions surrounding the trends and challenges for proptech in 2022. (Philip Russo, Commercial Observer)
- A more efficient and scalable future for the intersection of blockchain and property ownership is being built, and as a result, predictions for a 2022 metaverse real estate boom are taking off. (Irina Karagyaur, CoinDesk)
- With millennials supercharging the housing market, accounting for more than half of all home-purchase loan applications last year, economists forecast home-buying demand is likely to remain strong for years to come. (Nicole Friedman, The Wall Street Journal)
- With game developers creating more realistic and immersive gaming experiences through Virtual Reality (VR), Augmented Reality (AR), and Artificial Intelligence (AI), real estate brokers and agents can leverage this technology to facilitate property showings without physically being on location. (IGC)
- As a result of China’s real estate crisis, tens of millions of square feet of apartment buildings are left unfinished, diminishing confidence in the country’s housing market. (Bloomberg)