Despite economically-induced cutbacks, it seems as though online real estate advertising is still on the rise. With current market conditions real estate agents and investors alike are beginning to adapt to the changing technology- using the internet as their primary medium. According to a report by Borrell Associates, online real estate advertising in the coming year will grow to be a $2 billion a year category, only to be followed by $3 billion the following year.
Discovering other avenues in real estate and utilizing the online platform is key during uncertain market conditions. In a waning sellers market other opportunities will certainly arise. Within the realm of real estate investing, professionals seem to be turning to other ventures such as foreclosures, and collaborating with their online counterparts as a form of advertising and marketing. Utilizing an online vehicle to market a product or service has proven to be an effective marketing route. One thing is certain, online advertising remains the most cost-effective and successful means of advertising and will continue along that path with the rise of internet savvy users every day.
As for real estate agents, they will also have to adjust to the changing market. Most agents are only advertising their most picture-perfect homes because of market saturation. These are the only homes that are selling, say agents. They are also allocating most of their marketing budgets to the online medium in order to offset costs and drive interest.
Good news for both real estate agents and investors is the popularity of real estate in general in terms of the search engines. According to reports, “real estate” was the #1 professional service searched this year. Whether they are buyers, sellers, or investors, real estate seems to forever maintain its sense of allure and drive.
Online Real Estate Advertising
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