NOVEMBER 20246 Copyright © 2024 ValleyMedia, Inc. All rights reserved. Reproduction in whole or part of any text, photography or illustrations without written permission from the publisher is prohibited. The publisher assumes no responsibility for unsolicited manuscripts, photographs or illustrations. Views and opinions expressed in this publication are not necessarily those of the magazine and accordingly, no liability is assumed by the publisher thereof.Editorial StaffDavid VincentFred SmithKevin DavisFredrick GallowayJames FerrerRose D. WilsonManaging EditorHayden Carr*Some of the Insights are based on the interviews with respective CIOs and CXOs to our editorial staffVisualizerPresley MeadowEmail:sales@realestatebusinessreview.comeditor@realestatebusinessreview.commarketing@realestatebusinessreview.com NOVEMBER - 05 - 2024, Vol 05 Issue 16 (ISSN 2831-8455) Published by ValleyMedia, Inc.To subscribe to Real Estate Business ReviewVisit https: www.realestatebusinessreview.com EDITORIALThe real estate space has experienced a profound transformation over the last few decades, responding to the changing needs of homeowners. The steady increase in the use of virtual reality and augmented reality technologies has enhanced the home buying experience. Prospective buyers can now take virtual tours of properties from anywhere in the world, paving the way for informed decision making without having to physically visit the site. The global real estate software market size was valued at USD 12.44 billion in 2024 and is expected to reach USD 28.63 billion by 2031, registering a CAGR of 12.6 percent during the forecast period. The demand is being driven by a growing population and a shift in consumer preferences for remote work and modern family lifestyles.Homes equipped with intelligent thermostats, automated lighting and voice-activated assistants are streamlining daily tasks. These technologies also contribute to long-term cost savings, making properties more attractive to eco-conscious buyers. Features like predictive maintenance, AI-enhanced security and IoT devices have become central to contemporary home design, offering both comfort and innovation under one roof.Advancements in proptech are changing the way how people buy, sell and manage real estate. These tools reduce time-to-market, allowing both buyers and sellers to make data-driven decisions faster. Cloud-hosted property management applications offer several advantages, such as streamlined data organization, the ability to access property information from any device, mobility capabilities for on-site teams and improved collaboration among stakeholders. Property managers can enhance their workflow by managing leases, processing tenant payments, handling maintenance requests, and monitoring asset performance from anywhere with their mobile devices.In this edition of Real Estate Business Review, we explore the recent developments in the new home sales software space and how property management systems solutions are creating lucrative opportunities for market players.We feature insights from industry experts like Caitlyn Cekalovich, Property Manager at Highmark Residential, who emphasizes improving quality living through property management. We also feature Christy Vasiliou, Director - Head of Property Management at GID, who identifies investment opportunities in commercial real estate. We hope this edition of Real Estate Business Review helps you and your organization build the partnership needed to foster an environment driven by efficient technology.Let us know your thoughts!Navigating the Changing Landscape of Real Estate TechHayden Carr Managing Editoreditor@realestatebusinessreview.com
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