Business Tips Market Trends

Business Outlook for 2024

peoples standing talking about real estate

According to a new survey from Inman, the Inman Intel Index, residential real estate professionals are, on the whole, sticking with confirmed methods of generating business in a down market.

Old-school networking is still regarded as a preferred tactic for generating leads and making the contacts so crucial to business success in the real estate industry. More than half (53%) of the survey respondents said that networking offered the best return on the time and effort they spent on the activity, compared to 16% who preferred social media and 7% who bought leads or used lead-generation software.

Face-to-face (or phone-to-phone) networking has proven useful in recent months—41% of respondents say they will continue or increase this method—while a slightly smaller percentage (31%) plan to increase their social media presence, and 10% will boost their open house availability.

ROI tactics in 2023 vs 2024

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