Jennifer Miller wrote about disruptions to the real estate market:

• Instead of spending a day travelling to different homes, virtual reality will mean that those looking for a place to live will be able to stop by an agent’s office and tour multiple residences.
• It’ll be particularly helpful for those moving to another city as they’ll know what their next home will look like before they make the move.
• Architects will be able to show buyers what their homes will look like once they are built.
• Virtual reality tours can also be setup to let viewers hear the ambient audio and know if they have to be worried about noise from a nearby railroad crossing.
• It’s expensive though. Setting up a home for virtual reality tours can cost $100,000 a pop.

The full article provides many more details. Read it here.

Source: The New York Times