NEW YORK ( MainStreet) -- A real estate firm is out with a list of the top events in the real estate and housing industry. Here's why YouTube and the "man cave," among other milestones, make the cut. The company -- Parsippany, N.J.-based ERA Real Estate -- actually released a list of the "Top 40" real estate milestones in history. That list goes back to 1863, when the first subway opened in London, and includes the passing of the Federal Highway Act in 1921 and the turning point in 1950 when more Americans lived in the suburbs than in the city.
So what innovations mark the first decade and change of the 21st century? ERA has some thoughts on that, too. In fact, here are six of the seminal events that have marked the real estate market since 2000: 2000: ERA points to paperless transactions as the first big trend in real estate as the new decade dawned. "What started with the simple act of directly depositing a paycheck into a bank account has evolved into completely online transaction management for real estate," ERA says. 2004: The Facebook revolution rolled out in 2004, and that's made life a lot easier for homebuyers and real estate agents. "While it originally appeals to a college audience, the platform soon expands and becomes a major avenue for building business relationships between realtors and consumers," ERA says.
|It's not all about the traditional, ranch-style, single-family home. YouTube and the man cave make the cut on a list of real estate milestones.|