PropTech: The Rise of Tech in the Housing Sector
Introduction and the Emergence of PropTech From a significant subprime mortgage crisis that pulled people out of their homes in 2008 to the recent global pandemic that pushed people out of cities and moved operations online, Americans have experienced several substantial changes to the housing market over the last few decades. Property technology, or proptech , has emerged from these major events as a tool to access the property transaction life cycle online—including researching, listing,...