Industry Relations Episode 47: 3 Predictions for the Future of Real Estate – with Errol Samuelson

The Coronavirus forced many of us to work from home, leveraging technology to do our jobs remotely. Not only has this made us more comfortable with digital tools, it has us rethinking the need to commute to our offices on a daily basis. So, what do these changes mean for the real estate industry?
On this episode, Errol Samuelson, Chief Industry Development Officer at Zillow, joins Rob and Greg to share his top predictions around the post-pandemic future of real estate. He explores how commercial real estate is likely to change in light of COVID-19 and speaks to the potential to make transactions 100% digital moving forward.
Errol weighs in on how different geographies experienced the pandemic in different ways and how he thinks about the crisis’ potential long-term psychological impact. Listen in as Errol shares Zillow’s most recent stats on the changing consumer preferences for homes and learn how our growing comfort with virtualization will impact the way brokers and agents do business in the future.
 
What’s Discussed: 
 
Errol’s top predictions re: the post-pandemic future of real estate
How commercial real estate will change in light of COVID-19
The potential to make real estate transactions 100% digital
The accelerated consumer use of digital tools in the home search process
How Errol thinks about the possibility of virtual appraisals
How virtualization is likely to impact brokers and agents
Zillow’s stats on how working from home is shifting consumer preferences
How cities may look different in a post-pandemic world
The possibility for COVID-19 to have a long-term psychological impact
How different geographies experienced this pandemic in different ways
What sci-fi technology is likely to change real estate in the near future
How Zoom is driving changes in the way we communicate
Connect with Errol:
Errol on Zillow
@ErrolSamuelson
 
Connect with Rob and Greg:
Rob’s Website
Greg’s Website
 
Resources:
Dotloop’s 8 Predictions About the Post-Pandemic Future of Real Estate
The New York Times Article on Working from Home
CMLS Events
Books by Nassim Nicholas Taleb
The Atlantic Piece on the ‘Patchwork Pandemic’
Glenn Kelman’s Diary of a Pandemic Part 1
Glenn Kelman’s Diary of a Pandemic Part 2
Glenn Kelman’s Diary of a Pandemic Part 3
Cloud CMA Live
 
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