Live from Inman Real Estate Connect 2007: Part 2

Brad Inman (far left) kicked off the Conference by relating the key themes to be explored over the next 3 days. The first is the interplay between the current state of the real estate market and the current explosion of new technology providers in the space. The market is slow with few buyers but, the industry is finally ready to totally embrace the wide array of technologies becoming available. At the same time, we are experiencing a "Web 2.0" explosion of Internet innovation. These new innovations center around Community, User-Generated Content, and Social Media. We are also in the age of 24/7 connectivity with Blogs, video and social networking keeping us connected to the Internet and each other around the clock, instantly.

The first round table discussion was a very lively one with Brad Inman (left) Dale Stinton, CEO of The National Association of Realtors (center) and Rich Barton, CEO of Zillow. Dale Stinton had some very interesting insights and news about the industry:

First, he's predicting the Fed will drop interest rates in the coming months to counteract the effects of the slow market and the sub-prime financing "debacle". He also announced that NAR is investing heavily in the technology business. They plan to create and incubate new technologies to directly help their constituency. Third, the NAR will begin marketing directly to consumers. They want to be a trusted adviser on a national level, and are striving to be the first resource consumers use when they research and search for homes. Over $100 Million will be put towards this effort. Realtor.com will also get a major overhaul that will feature new and innovative features.

Everyone on the panel agreed that Mobile Content will be the next huge thing to hit the industry. The iPhone is expected to be a real game changer. Once the kinks are worked out of the first 2 generations of the iPhone, expect consumer real estate to radically change. Consumers will be able to search and connect with homes and Realtors in real time, on the fly, from anywhere.