As the real estate sector looks toward 2023, the industry is poised for a technological transformation, according to an insightful piece by Peter Abualzolof on Forbes. The article, published on November 28, 2022, highlights five key tech trends that are expected to shape the future of real estate.
Virtual Reality (VR)
The pandemic accelerated the use of virtual reality in real estate, offering virtual property tours as a viable alternative to physical showings. According to a Matterport survey, listings with 3D virtual walkthroughs close 31% faster and sell for up to 9% more. This trend is likely to continue, especially among investors and in the rental market, where virtual tours are becoming the norm.
AI-Enhanced Analytics
The integration of artificial intelligence in real estate is revolutionizing market analysis. AI allows investors to find and analyze deals with unprecedented speed. The advent of quantum computing AI, though still in its early stages, holds immense potential for further advancements in this field. The global quantum computing market is expected to grow significantly, as noted in a forecast.
Streamlining of Processes
Technology has greatly enhanced efficiency in real estate by automating routine tasks. Comprehensive platforms are emerging to streamline processes, catering to the growing demand from various real estate professionals. As noted in the article, this trend is expected to surge in 2023 and beyond.
Fractional Ownership
The concept of fractional ownership is gaining traction, democratizing real estate investment. While traditional methods required substantial capital, new PropTech platforms now allow investors to participate with smaller amounts, making real estate more accessible.
The Metaverse
The rise of the metaverse is creating new opportunities in virtual real estate. The global metaverse real estate market, valued at $821.9 million in 2021, is projected to reach $5.95 billion by 2028. As investors cautiously explore this new frontier, the metaverse offers a unique avenue for portfolio diversification.
Final Thoughts
The coming year promises exciting developments in real estate, driven by technological innovation. Industry stakeholders are encouraged to embrace these changes to enhance efficiency and remain competitive. As Abualzolof aptly suggests, those who adapt will thrive in this evolving landscape.
“`
More Articles
Getting licensed or staying ahead in your career can be a journey—but it doesn’t have to be overwhelming. Grab your favorite coffee or tea, take a moment to relax, and browse through our articles. Whether you’re just starting out or renewing your expertise, we’ve got tips, insights, and advice to keep you moving forward. Here’s to your success—one sip and one step at a time!
Commercial real estate is entering a decade of major transformation driven by interest rate pressures, evolving work culture, rapid proptech innovation, and growing demand for AI-focused infrastructure. While the global CRE market is projected to reach $133.5 trillion by 2028, rising rates, shifting office demand, and increasing sustainability requirements are reshaping how professionals invest, manage, and develop properties. By 2030, the biggest opportunities will center on mixed‑use conversions, data center growth, premium office spaces, and ESG‑driven upgrades.
The National Association of Realtors’ landmark antitrust settlement is transforming how real estate agents negotiate compensation, work with buyers, and handle transparency in transactions. With MLS‑posted buyer‑broker commissions eliminated and written buyer agreements now required, both consumers and professionals are navigating a new, more transparent landscape. While commission levels have only dipped slightly, the real shift is in how openly compensation is discussed and negotiated—creating new challenges and opportunities for agents who adapt quickly.
Artificial intelligence is no longer a novelty in real estate — 2025 marks its breakthrough year as a dependable pillar of the proptech industry. With investors pouring capital into AI‑powered forecasting, security, automation, and property management tools, the sector is shifting from experimentation to full‑scale adoption. Brokerages, developers, and institutional players now rely on AI to streamline due diligence, enhance market modeling, reduce risk, and optimize building operations. As adoption accelerates, professionals who understand and leverage these technologies are gaining a decisive competitive edge in fast‑moving markets like Florida.
A new episode of Current Account breaks down why the insurance industry is heading into 2026 with more uncertainty — and more opportunity — than ever. From shifting global regulations and rising catastrophe risks to FSOC’s evolving role in the U.S., industry leaders Jérôme Haegeli and Philippe Brahin explain how insurers are being pushed to rethink strategy in real time. With global premium growth expected to slow and regulatory pressures rising, professionals in insurance and financial services are turning to education and new skills to stay ahead in a rapidly changing market.
New Jersey is quietly becoming one of the hottest commercial real estate markets in the nation, with Jersey City and North Jersey breaking into the top 10 in PwC’s 2026 Emerging Trends report. Fueled by redevelopment momentum, data‑center demand, mixed‑use transformations and a surge in health‑care projects, the state is drawing major investors while still battling rising construction costs and municipal fatigue. For real estate professionals, the Garden State’s evolution signals fresh opportunity—and a market worth watching closely heading into 2026.
The National Council of Insurance Legislators is pushing back against President Trump’s new executive order on artificial intelligence, arguing that it threatens decades of state‑based insurance oversight. NCOIL leaders say federal attempts to centralize AI authority could disrupt markets, weaken consumer protections, and limit states’ ability to innovate—setting the stage for a significant legal and political battle with major implications for insurance professionals who rely on AI‑driven tools and regulatory clarity.
