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Technology and The Housing Markets
Oleh:
Tuccillo, John A.
Jenis:
Article from Bulletin/Magazine
Dalam koleksi:
BUSINESS ECONOMICS vol. 32 no. 3 (1997)
,
page 17-20.
Topik:
technology
;
technology
;
housing markets
Ketersediaan
Perpustakaan Pusat (Semanggi)
Nomor Panggil:
BB20.3
Non-tandon:
1 (dapat dipinjam: 0)
Tandon:
tidak ada
Lihat Detail Induk
Isi artikel
Technological change is placing increased pressure on the real estate industry. It has reduced the market edge of the real estate professional by democratizing information and allowing other settlement service providers to occupy priority positions in the transaction. It forces real estate firms to create new ways of adding value for consumers and thus has raised the cost of doing business, leading to consolidation of the industry. Finally, by creating a vast array of investment vehicles, technology has drawn household wealth away from owned housing toward financial markets, thus decreasing demand for real estate services. This article describes how each of these impacts will play out in the future.
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