Industry NewsTechnology

What’s in store for real estate’s future?

Panelists offer their views on community, computers

SAN FRANCISCO–The sun is setting in the West. But it's rising in the East. That was the view of the future Richard Mendenhall, principal of WMWorks, shared Wednesday afternoon with attendees at Inman News' Real Estate Connect 2004. Mendenhall, part of a session on "A look at the future: What's coming, why and when," said most Americans have outdated or limited views of countries such as China, India and Malaysia. In fact, those countries are growing tremendously, attracting the money of American companies looking to cut costs. "That will have an effect on all of our lives in real estate," Mendenhall said. Mendenhall didn't say exactly how it would affect real estate, but instead simply presented it as one change the future holds in store. He also mentioned quantum computers, currently being developed, that can crunch numbers in seconds what it would take today's fastest computers 1,000 years to do. And, Mendenhall said, communities will rule. Communities can come in ...