eXp World Holdings, Inc. (EXPI) Maintaining a Positive Outlook Thanks to Advances in Internet Technology
At the beginning of 2016, 43% of real estate agencies expected competition from non-traditional firms. Although this number was down 2% from 2015, a survey by the National Association of Realtors (NAR) (http://nnw.fm/j29lB) found that 46% of agencies believe the competition from virtual firms is increasing, compared to a small 17% of agencies expecting competition from brick and mortar firms. With this in mind, it is worth noting that the real estate industry is one of the slowest to adapt to this new digital age. The last few years can be seen as the first real phase of digital development…