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Luke Johnson - Digital Transformation in the housing and mortgage markets
Manage episode 407540572 series 3563308
Contenido proporcionado por Kevin Craine and Michael Gale. Todo el contenido del podcast, incluidos episodios, gráficos y descripciones de podcast, lo carga y proporciona directamente Kevin Craine and Michael Gale o su socio de plataforma de podcast. Si cree que alguien está utilizando su trabajo protegido por derechos de autor sin su permiso, puede seguir el proceso descrito aquí https://es.player.fm/legal.
Luke Johnson discusses the existing issues in the housing and mortgage markets, which are characterized by outdated processes and lack of digitalization. The need for reform and digital transformation is highlighted. Technology can play a crucial role in providing real-time, transparent education to consumers, empowering them to make informed decisions. AI has the potential to streamline processes and improve decision-making. Over the next 10 years, transaction costs in the real estate market are expected to decrease significantly. The industry may undergo M&A activity to adapt to the changing landscape. The most pronounced changes will be seen in transaction cost management and improved access to realtors, driven by technology and consumer demand for a streamlined experience.
Read Michael's corresponding article on Forbes here:
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