Artificial intelligence takes over the real estate industry

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[HafezBd]

Another reason it's less likely to happen that way is that there is already too much demand waiting to absorb that regardless of how everyone is panicking and calling the crash. Nobody was making this prediction in 2008, at least not the general public, as I indicated below. In the other comment, it was mentioned that the ownership rate peaked in 2004. As of today, we are at the median level, having previously peaked in the second quarter of 2020. It decreased by 3% over 4 years, from 2008 to 2012, going from 68 to 65 in the second quarter of 2020.

[dasfahrer]

Be very leery of this. AI is only as good as the model and data that trained the ML. This could be used to artificially skew numbers, and since so many people are quick to believe that AI is the next golden goose, they won't question it. You can think how this could quickly lead to a number of very large issues in the financial and real estate sectors.

[ga]

And soon Block Chain Technology will eliminate the need for Realtors

[JamesBond]

I remember there was a software that was finding the most likely sellers back in 2018. Nothing new there.

[monsterbeast]

I wonder how much of these AI technology companies are a bunch of if/else statements vs real AI - which is the use of neural nets and AI frameworks

[genevawilkerson]

Of course I realize that it’s probably telling me that there isn’t anything in the $1200 range but still they shouldn’t have sent me anything if I said 1200 or below

[navidntg]

AI developer here! LOL Zestimate is a jock. In the real world, we have "apprisal" 95% of Zestimates are either over or under appraisal. Zestimate is a bet against buyer and seller. Zillow is betting either buyer or seller is stupid.

[dylun]

unfortunately there are alot of older dinosaurs out there. like myself i would only do a deal face to face. this type of tech will work out great for the younger generation

[clutchboy]

Loan officers will soon be out of jobs within 5 years

[genevawilkerson]

AI technology is terrible for rental. Every time I told him I wanted a maximum of 1200 they picked 1475 and higher and every time I told AI that they were still above my price range. They apologize and still sent me the same thing.

[javierharth]

Talk about "let your fingers do the walking"; more like "let your computer do the thinking".
Maybe we don't have to go to school anymore, we'll let our computers do the learning for US and we can get bigger spending more time in the couch! Uh...?

[william_]

Listening to how ai word is used is painful

[kendahl]

Ouch…more jobless claims …who needs an agent, mortgage broker and on goes the list…🤐🤐🤐👽👽👽👽👽

[TheOnlyPink]

Hell naw. I smell hacks and number manipulation

[patmarco]

The less human interaction the better the deal will be because it will remove the BS and bias as well as emotions people have. I am for it