Related papers: Vision-based Real Estate Price Estimation
Online real estate platforms have become significant marketplaces facilitating users' search for an apartment or a house. Yet it remains challenging to accurately appraise a property's value. Prior works have primarily studied real estate…
An accurate prediction of house prices is a fundamental requirement for various sectors including real estate and mortgage lending. It is widely recognized that a property value is not solely determined by its physical attributes but is…
Public availability of Artificial Intelligence generated information can change the markets forever, and its factoring into economical dynamics may take economists by surprise, out-dating models and schools of thought. Real estate…
Financial criteria in architectural design evaluation are limited to cost performance. Here, I introduce a method, Automated Design Appraisal (ADA), to predict the market price of a generated building design concept within a local urban…
Automatically learned quality assessment for images has recently become a hot topic due to its usefulness in a wide variety of applications such as evaluating image capture pipelines, storage techniques and sharing media. Despite the…
Real estate appraisal has undergone a significant transition from manual to automated valuation and is entering a new phase of evolution. Leveraging comprehensive attention to various data sources, a novel approach to automated valuation,…
Machine learning algorithms are increasingly employed to price or value homes for sale, properties for rent, rides for hire, and various other goods and services. Machine learning-based prices are typically generated by complex algorithms…
A successful real estate search process involves locating a property that meets a user's search criteria subject to an allocated budget and time constraints. Many studies have investigated modeling housing prices over time. However, little…
Real estate prices have a significant impact on individuals, families, businesses, and governments. The general objective of real estate price prediction is to identify and exploit socioeconomic patterns arising from real estate…
In this work, we build a series of machine learning models to predict the price of a product given its image, and visualize the features that result in higher or lower price predictions. We collect two novel datasets of product images and…
The monetary value of a given piece of real estate, a parcel, is often readily available from a geographic information system. However, for many applications, such as insurance and urban planning, it is useful to have estimates of property…
The value assessment of private properties is an attractive but challenging task which is widely concerned by a majority of people around the world. A prolonged topic among us is ``\textit{how much is my house worth?}''. To answer this…
Different from shopping in physical stores, where people have the opportunity to closely check a product (e.g., touching the surface of a T-shirt or smelling the scent of perfume) before making a purchase decision, online shoppers rely…
While there is excitement about the potential for algorithms to optimize individual decision-making, changes in individual behavior will, almost inevitably, impact markets. Yet little is known about such effects. In this paper, I study how…
Many brokers have adapted their operation to exploit the potential of the web. Despite the importance of the real estate classifieds, there has been little work in analyzing such data. In this paper we propose a two-stage regression model…
In developing countries, building codes often are outdated or not enforced. As a result, a large portion of the housing stock is substandard and vulnerable to natural hazards and climate related events. Assessing housing quality is key to…
We present a first method for the automated age estimation of buildings from unconstrained photographs. To this end, we propose a two-stage approach that firstly learns characteristic visual patterns for different building epochs at…
Confronted with the spatial heterogeneity of real estate market, some traditional research utilized Geographically Weighted Regression (GWR) to estimate the house price. However, its kernel function is non-linear, elusive, and complex to…
Pricing a rental property on Airbnb is a challenging task for the owner as it determines the number of customers for the place. On the other hand, customers have to evaluate an offered price with minimal knowledge of an optimal value for…
This paper details an innovative methodology to integrate image data into traditional econometric models. Motivated by forecasting sales prices for residential real estate, we harness the power of deep learning to add "information"…