AI to Unlock $34B in 🏠Real Estate Efficiencies by 2030 🔥
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Check this out. AI is expected to slash costs by a projected $34 billion in savings as adoption accelerates. 🚀
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Buckle up y’all! A lot is going to be happening in 5 years from now. AI helps RE find $Billions, Bitcoin will surpass $1M/coin and my 4th child graduates from high school. 🎉 🥳 A lot is happening in 2030!
This study identifies three major operational areas ripe for automation:
1. Â Management (operational efficiency)
2. Â Sales
3. Â Related activities (ie. office administration, leasing, organization)
With sectors potentially seeing a 34% INCREASE IN OPERATING CASHFLOW due to AI-driven efficiencies and productivity gains. Not bad for the bottomline.
Should agents just quit now?
Will AI replace all REAs?
Highly doubt that’s possible.
The very best agents in the world typically aren’t heavily invested in the tech but in their people…Don’t worry about your jobs going away because I’ve seen that the agents excelling in caring for their clients do not have a lead problem. They end up having an operations and time problem though. AI will help that if they adopt it.
Disclaimer….McKinsey did this evaluation focused on CRE, not residential however this remains tremendously applicable. In fact, due to the fragmentation in residential brokerages, efficiencies could be even greater than 34%.
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