The real estate market has changed drastically in the past 20 years. The developmental process of how things are accomplished in the real estate market is radically different thanks to new technological resources. However, these periods of radical growth have had their ups and downs. The 2008 market crash caused a ripple in the economy that the entire world has felt. Fortunately, real estate expert Craig Nassi is here to provide us with some pivotal information that will explain some of the changes that have happened in the past 20 years.
Technology Has Vastly Improved
Technology was still limited in the year 2000. We were still using dial-up technology to connect to the internet. The connection was always incredibly slow, and we had to constantly wait for pages to load in increments. We now have access to broadband internet services that load pages in an instant. This has allowed real estate agents the ability to reach their customers much faster through online listings. This has created an incredible opportunity to do more in such a short amount of time.
Digital marketing has also allowed real estate agents to reach a wider audience. There are more independent agents on the market due to this fact. You can start your own real estate business that will allow you to do things this way. Craig knows more than anyone that there are more independent real estate agents on the market now than ever. This is an incredible sign of progress for agents who do not wish to work for a team or an agency. We can expect to find more independent agents in the future as this trend continues.
The Market Crash of 2008 and The Lessons Learned
The real estate market hit a crisis in 2008. The market found itself flipping upside down in an instant. This caused worldwide panic and put America in a precarious position. Lenders would continuously give money to people who could not properly afford houses. These people would continue to borrow money until the market imploded on itself. Unfortunately, the market crash ended up hurting the careers of millions of real estate agents. We have since recovered from this incident. However, real estate experts like Craig Nassi foresaw these events happening and advocate the lessons we should learn from it.
Lenders have changed their policies to prevent an endless amount of money borrowing. This new method is meant to prevent this scenario from ever happening again. Fortunately, we have learned the lessons that the past has taught us. The real estate market has matured and continues to make strides to avoid causing another catastrophe like this from happening again.
Selling or Buying Your Home Has Become Easier
As mentioned previously, the internet was difficult to manage back in the year 2000. Home buyers and real estate agents didn’t have access to technology that would allow them to find a way to sell homes easier. Fortunately, new apps have been developed that will help you buy or sell your home from your smartphone. These new platforms have put the power of the home buying into your hands. You will be able to stay in constant contact with your real estate agent and stay up to date on all happenings via the app. This new system is incredibly revolutionary, and many companies are utilizing its power to provide this incredible service.
This same format is also used to help home buyers or sellers find a real estate agent that they can work with. You will find an endless amount of professional real estate agents available to help you whenever you need it the most online. This has helped bridge the gap between agent and customer. It gives the customer the chance to review the credentials of the real estate agent that they want to work with in order to make sure that it is a good fit. The sky is the limit when it comes to utilizing new technology to help improve the real estate market.
About Craig Nassi
There are few industry experts like Craig who know the market inside and out. However, Craig has come from a very diverse background that has allowed him to succeed in this industry. He was born in New York City and would eventually travel to Colorado to finish his education. he received his BA and MA and would pursue a career in education. However, his heart wasn’t in the right place. He would eventually get a real estate license and find himself working in the housing industry. The rest is now history as he continues to make positive strides in the real estate market and helps young individuals learn about the power of real estate. Craig lives life to the fullest and is always learning new things to better himself.
