Trulia CFO: Virtual reality, 3-D printing to transform real estate

Showings will take place in buyer’s home

TRD New York /
May.May 01, 2014 04:35 PM

The hunt for a new home, already transformed by the abundance of information available to buyers online, will be transformed by technology over the next 25 years, according to Trulia CFO Sean Aggarwal.

A “showing” Will One Day Take Place in a buyer’s living room, thanks to a pair of virtual-reality goggles, Aggarwal wrote in a recent CNBC column. High-definition displays will provide shoppers with tours of homes on the other side of the country, while details like the time left on a home’s water heater, average temperatures in the house or how well a solar-powered system is powered will be available at the touch of a button.

But even more of a game-changer, Aggarwal wrote, is the 3-D printing industry. Such advancements in computer-aided design software and advanced robotics will break down the economics of manufacturing, enabling market players to be wiser to the details of how homes are built.

Some spots on the globe are already tapping this science, the Trulia exec wrote, as in China where Winsun New Materials is already using 3-D printing to create environmentally-friendly building materials that slash construction costs. Such tools, Aggarwal predicts, will drive down the costs of building new homes and cut resale prices, especially in markets most sensitive to housing demands. [CNBC]Julie Strickland


Related Articles

arrow_forward_ios

New chief economist takes helm at Trulia amid housing market cool down

Zillow and Trulia sued for patent infringement by former brokerage

Condo values in the US are catching up to single-family homes

Good luck finding a house in the suburbs

trulia map

NYC’s rent-control laws, explained in one chart

Pete Flint steps away from Zillow-Trulia

Barclays downgrades Zillow over fears of falling web traffic

RE companies get silly on April Fools’ Day

arrow_forward_ios