At the 11th Annual NYC Real Estate Expo, hosted by the NYC Network Group at the New York Hilton Midtown in October, some of the region’s top executives sat down and talked tech. While the NYC market is unique, a tech transformation is changing the industry worldwide, forcing today’s brokers to adapt or risk becoming irrelevant.
Moderated by Vince Rocco—associate broker at Halstead Real Estate’s Village office and host of “Good Morning New York, Real Estate with Vince Rocco—”The Technological Revolution That Is Changing the Face of Real Estate in New York” touched on how the industry is shifting and what today’s brokers are doing about it.
“More than 70 percent of today’s buyers are searching for homes online, and 80 percent of real estate agents transact their business using text. This is where we have to figure it out,” said Rocco, kicking off the forum. “Websites and apps make data accessible, so consumers seem to know more today than they ever did before. In tech, timing is everything. How can you live and adapt to the changes of this era?”Read Complete Article