Is RE.Net becoming RE.org?
In the past three years, we‚Äôve seen plenty of new entrants, lots of Venture Capital money and endless blog posts extolling the benefits of the new transparency that Web 2.0 brings to the real estate industry.
Recently, Realtor Magazine also jumped on the Real Estate 2.0 bandwagon.
Despite the hype, so far I have not seen any empirical evidence that it is working. This may be because the appearance of Web 2.0 technologies coincided horribly with the collapse of the general real estate market.
Or, maybe not.
Perhaps, it may be time to start calling ‚ÄúDot Bomb‚ÄĚ on Real Estate 2.0.