Real estate is experiencing both significant change and ongoing challenges.
Business models are evolving with the rise of online platforms; some agencies now offer end-to-end digital services (like instant offers or online mortgage approvals) to stay competitive. External economic factors play a huge role: higher interest rates and inflation have cooled some markets, while shifting work patterns (e.g. remote work) have altered demand between commercial and residential spaces. Technology and AI are making their mark: agents and developers increasingly use virtual reality for immersive property tours, drone photography for marketing, and AI tools for property valuations and lead filtering. In terms of digital marketing, nearly all home buyers begin their search online (over 95% in some studies), which has pushed realtors and property firms to invest heavily in online presence. SEO and content marketing (like neighborhood guides or home-buying tips) are now standard to attract prospects, alongside targeted ads (for example, promoting listings to people in specific locales or income brackets). The result is a real estate industry that’s more digitally visible and data-informed than ever, while still needing to build personal trust with clients.