Report from the Future

January 1, 1996

Determining what's ahead for the real estate industry in today's fast-paced, fast-changing world is no easy task. But it's one that NAR's 55-member Strategic Planning Committee has embraced.

Here's a peek at its work in progress. Following are five trends in the industry and in society that the committee recently identified as having a potential impact on your future.

  • Real estate information is becoming readily available to homebuyers and sellers, enabling them to undertake parts of the transaction themselves.
  • Real estate is increasingly seen as a large source of potential revenue by government at all levels.
  • Technology allows people to work, make purchases, and conduct business independent of their location.
  • The elderly are a rapidly growing segment of the population, putting pressure on social services and types of housing, as well as an increased burden on people still in the work force.
  • There's an increasing gap between the haves and the have-nots, with a shrinking middle class and a polarization of the population.
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