Related papers: Boosting House Price Predictions using Geo-Spatial…
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…
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…
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…
When an individual purchases a home, they simultaneously purchase its structural features, its accessibility to work, and the neighborhood amenities. Some amenities, such as air quality, are measurable while others, such as the prestige or…
In recent years several complaints about racial discrimination in appraising home values have been accumulating. For several decades, to estimate the sale price of the residential properties, appraisers have been walking through the…
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…
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…
Despite advancements in real estate appraisal methods, this study primarily focuses on two pivotal challenges. Firstly, we explore the often-underestimated impact of Points of Interest (POI) on property values, emphasizing the necessity for…
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…
Representation learning on graphs, also called graph embedding, has demonstrated its significant impact on a series of machine learning applications such as classification, prediction and recommendation. However, existing work has largely…
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"…
I show that house prices can be modeled using machine learning (kNN and tree-bagging) and a small dataset composed of macro-economic factors (MEF), including an inflation metric (CPI), US treasury rates (10-yr), Gross Domestic Product…
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…
The importance of considering related stocks data for the prediction of stock price movement has been shown in many studies, however, advanced graphical techniques for modeling, embedding and analyzing the behavior of interrelated stocks…
Predicting the price of a house remains a challenging issue that needs to be addressed. Research has attempted to establish a model with different methods and algorithms to predict the housing price, from the traditional hedonic model to a…
Accurate and efficient valuation of property is of utmost importance in a variety of settings, such as when securing mortgage finance to purchase a property, or where residential property taxes are set as a percentage of a property's resale…
Homeowners, first-time buyers, banks, governments and construction companies are highly interested in following the state of the property market. Currently, property price indexes are published several months out of date and hence do not…
Geographically weighted regression (GWR) is a popular tool for modeling spatial heterogeneity in a regression model. However, the current weighting function used in GWR only considers the geographical distance, while the attribute…
Spatiotemporal graph neural networks have shown to be effective in time series forecasting applications, achieving better performance than standard univariate predictors in several settings. These architectures take advantage of a graph…
Graph neural networks (GNNs) provide a powerful and scalable solution for modeling continuous spatial data. However, they often rely on Euclidean distances to construct the input graphs. This assumption can be improbable in many real-world…