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Majority of Real Estate Firms Remain Optimistic, Evolving Technology Remains a Challenge

March 07 2019

nar 2019 profile of real estate firms 3The evolving technological landscape, competition from nontraditional market participants and housing affordability continue to be among the biggest challenges facing real estate firms in the next two years, according to a report by the National Association of Realtors.

NAR's 2019 Profile of Real Estate Firms found that commercial real estate firms were more likely than residential firms to cite local or regional economic conditions as the biggest challenges, while residential firms were more likely to mention competition from non-traditional market participants and virtual firms.

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