Title: The Internet, E-Commerce and the Real Estate Industry
Abstract: T he rapid penetration of the Internet into households, businesses and all spheres of economic activity continues. The number of hosts on the Internet has risen to approximately 80 million, an increase of nearly 100% over the last year. 1 Worldwide nearly 300 million people are estimated to be online. While data related to any aspect of the Internet is quite unreliable, it appears that the diffusion of the Internet has been much more rapid than that of the other modern tech- nologies shown in Figure 1. In the US, the number of adults regularly using the Internet is fast approaching the 50% mark, and the number of corporations with some Internet-related purchases or sales is well over 50%. 2 The new technology has wrought changes in the organiza- tional structure of the firm, distribution networks of businesses, competitive strategies, their cost of doing business, and ultimately the bottom-line itself. While both for consumers and businesses the Internet is still primarily a medium of efficient and inexpensive information access and dissemination, its other uses are now being increasingly exploited. As shown in Figure 2, consumers use the WWW as frequently for informa- Network Wizards (www.nw com) Internet Economy Indicators, (www.internetmdicators com)
Publication Year: 2000
Publication Date: 2000-06-01
Language: en
Type: preprint
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Cited By Count: 6
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