New Housing Industry Technologies Disrupt The Resale Market

People searching for their first home have the right to bemoan technology.

According to John Burns Real Estate Consulting, new real estate websites, sharing services, and research tools have made it easier to buy and sell homes. But, the increased competition has negatively impacted first-time and move-up home buyers.

Sites such as Zillow and Trulia make it easier and quicker to sell a home, especially to all-cash buyers who intend to rent the house. And, Airbnb and HomeAway let homeowners rent homes themselves.

In many ways, new technology has allowed the single-family rental sector to become a scalable, institutional investment class, one that we expect to continue growing for the foreseeable future.

Read more