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The attractiveness of a property is one of the most interesting, yet challenging, categories to model. Image characteristics are used to describe certain attributes, and to examine the influence of visual factors on the price or timeframe…

Computer Vision and Pattern Recognition · Computer Science 2021-07-16 Zona Kostic , Aleksandar Jevremovic

Real estate appraisal, which is the process of estimating the price for real estate properties, is crucial for both buys and sellers as the basis for negotiation and transaction. Traditionally, the repeat sales model has been widely adopted…

Computer Vision and Pattern Recognition · Computer Science 2017-07-31 Quanzeng You , Ran Pang , Liangliang Cao , Jiebo Luo

Since the advent of online real estate database companies like Zillow, Trulia and Redfin, the problem of automatic estimation of market values for houses has received considerable attention. Several real estate websites provide such…

Computer Vision and Pattern Recognition · Computer Science 2018-10-04 Omid Poursaeed , Tomas Matera , Serge Belongie

In developing countries, building codes often are outdated or not enforced.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…

Machine Learning · Computer Science 2022-06-01 Chaofeng Wang , Sarah Elizabeth Antos , Jessica Grayson Gosling Goldsmith , Luis Miguel Triveno

When modeling geo-spatial data, it is critical to capture spatial correlations for achieving high accuracy. Spatial Auto-Regression (SAR) is a common tool used to model such data, where the spatial contiguity matrix (W) encodes the spatial…

Computer Vision and Pattern Recognition · Computer Science 2016-10-18 Archith J. Bency , Swati Rallapalli , Raghu K. Ganti , Mudhakar Srivatsa , B. S. Manjunath

Accurate prediction of house price, a vital aspect of the residential real estate sector, is of substantial interest for a wide range of stakeholders. However, predicting house prices is a complex task due to the significant variability…

Machine Learning · Computer Science 2024-09-10 Md Hasebul Hasan , Md Abid Jahan , Mohammed Eunus Ali , Yuan-Fang Li , Timos Sellis

Real estate contributes significantly to all major economies around the world. In particular, house prices have a direct impact on stakeholders, ranging from house buyers to financing companies. Thus, a plethora of techniques have been…

Machine Learning · Computer Science 2020-09-02 Sarkar Snigdha Sarathi Das , Mohammed Eunus Ali , Yuan-Fang Li , Yong-Bin Kang , Timos Sellis

Most existing automatic house price estimation systems rely only on some textual data like its neighborhood area and the number of rooms. The final price is estimated by a human agent who visits the house and assesses it visually. In this…

Computer Vision and Pattern Recognition · Computer Science 2016-09-28 Eman Ahmed , Mohamed Moustafa

In this paper we show how using satellite images can improve the accuracy of housing price estimation models. Using Los Angeles County's property assessment dataset, by transferring learning from an Inception-v3 model pretrained on…

Machine Learning · Computer Science 2021-05-14 Sina Jandaghi Semnani , Hoormazd Rezaei

Buying a home is one of the most important buying decisions people have to make in their life. The latest research on real-estate appraisal focuses on incorporating image data in addition to structured data into the modeling process. This…

Computer Vision and Pattern Recognition · Computer Science 2020-06-23 Jan-Peter Kucklick , Oliver Müller

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"…

General Economics · Economics 2024-04-01 Ardyn Nordstrom , Morgan Nordstrom , Matthew D. Webb

In this project, we build a modular, scalable system that can collect, store, and process millions of satellite images. We test the relative importance of both of the key limitations constraining the prevailing literature by applying this…

Computers and Society · Computer Science 2018-04-05 Ian Bolliger , Tamma Carleton , Solomon Hsiang , Jonathan Kadish , Jonathan Proctor , Benjamin Recht , Esther Rolf , Vaishaal Shankar

Built environment auditing refers to the systematic documentation and assessment of urban and rural spaces' physical, social, and environmental characteristics, such as walkability, road conditions, and traffic lights. It is used to collect…

Computer Vision and Pattern Recognition · Computer Science 2025-06-02 Huan Ning , Zhenlong Li , Manzhu Yu , Wenpeng Yin

Cities around the world face a critical shortage of affordable and decent housing. Despite its critical importance for policy, our ability to effectively monitor and track progress in urban housing is limited. Deep learning-based computer…

Computer Vision and Pattern Recognition · Computer Science 2024-08-01 Steven Stalder , Michele Volpi , Nicolas Büttner , Stephen Law , Kenneth Harttgen , Esra Suel

In recent years, the world has become increasingly concerned with air pollution. Particularly in the global north, countries are implementing systems to monitor air pollution on a large scale to aid decision-making. Such efforts are…

Physics and Society · Physics 2024-02-20 Liam J Berrisford , Eraldo Ribeiro , Ronaldo Menezes

Residential location choices are traditionally modelled using factors related to accessibility and socioeconomic environments, neglecting the importance of local street-level conditions. Arguably, this neglect is due to data practices.…

Computer Vision and Pattern Recognition · Computer Science 2024-10-24 Sander van Cranenburgh , Francisco Garrido-Valenzuela

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…

Machine Learning · Computer Science 2021-02-17 Kirill Solovev , Nicolas Pröllochs

Understanding how housing prices respond to spatial accessibility, structural attributes, and typological distinctions is central to contemporary urban research and policy. In cities marked by affordability stress and market segmentation,…

Applications · Statistics 2025-06-12 Alvaro Garcia Murga , Manuele Leonelli

With everyone trying to enter the real estate market nowadays, knowing the proper valuations for residential and commercial properties has become crucial. Past researchers have been known to utilize static real estate data (e.g. number of…

Machine Learning · Computer Science 2022-05-04 Walter Coleman , Ben Johann , Nicholas Pasternak , Jaya Vellayan , Natasha Foutz , Heman Shakeri

Unstructured data are a promising new source of information that insurance companies may use to understand their risk portfolio better and improve the customer experience. However, these novel data sources are difficult to incorporate into…

Applications · Statistics 2024-11-20 Christopher Blier-Wong , Luc Lamontagne , Etienne Marceau
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