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In many countries, real estate appraisal is based on conventional methods that rely on appraisers' abilities to collect data, interpret it and model the price of a real estate property. With the increasing use of real estate online…

General Economics · Economics 2022-01-19 Vladimir Vargas-Calderón , Jorge E. Camargo

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…

Machine Learning · Computer Science 2024-02-07 Hemlata Sharma , Hitesh Harsora , Bayode Ogunleye

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…

Artificial Intelligence · Computer Science 2023-11-21 Sumin Han , Youngjun Park , Sonia Sabir , Jisun An , Dongman Lee

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…

Information Retrieval · Computer Science 2015-11-17 Sherief Abdallah

Developing an accurate prediction model for housing prices is always needed for socio-economic development and well-being of citizens. In this paper, a diverse set of machine learning algorithms such as XGBoost, CatBoost, Random Forest,…

Machine Learning · Computer Science 2020-06-19 Shashi Bhushan Jha , Radu F. Babiceanu , Vijay Pandey , Rajesh Kumar Jha

This paper presents a model that uses the information that sellers publish in real estate market websites to predict whether a property has higher or lower price than the average price of its similar properties. The model learns the…

Machine Learning · Computer Science 2023-03-28 Vladimir Vargas-Calderón , Jorge E. Camargo

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…

Computers and Society · Computer Science 2023-10-13 Robert Wijaya

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

We present Luce, the first life-long predictive model for automated property valuation. Luce addresses two critical issues of property valuation: the lack of recent sold prices and the sparsity of house data. It is designed to operate on a…

Machine Learning · Computer Science 2020-08-14 Hao Peng , Jianxin Li , Zheng Wang , Renyu Yang , Mingzhe Liu , Mingming Zhang , Philip S. Yu , Lifang He

We present a scheme for fast environment light estimation from the RGBD appearance of individual objects and their local image areas. Conventional inverse rendering is too computationally demanding for real-time applications, and the…

Computer Vision and Pattern Recognition · Computer Science 2020-08-07 Xin Wei , Guojun Chen , Yue Dong , Stephen Lin , Xin Tong

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…

Information Retrieval · Computer Science 2022-02-16 Chris Kottmyer , Kevin Zhao , Zona Kostic , Aleksandar Jevremovic

Most existing real estate appraisal methods focus on building accuracy and reliable models from a given dataset but pay little attention to the extensibility of their trained model. As different cities usually contain a different set of…

Machine Learning · Computer Science 2018-12-14 Yihan Guo , Shan Lin , Xiao Ma , Jay Bal , Chang-tsun Li

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

Registration of heritage values in buildings is important to safeguard heritage values that can be lost in renovation and energy efficiency projects. However, registering heritage values is a cumbersome process. Novel artificial…

Computer Vision and Pattern Recognition · Computer Science 2025-12-19 Kristina Dabrock , Tim Johansson , Anna Donarelli , Mikael Mangold , Noah Pflugradt , Jann Michael Weinand , Jochen Linßen

The assessment and valuation of real estate requires large datasets with real estate information. Unfortunately, real estate databases are usually sparse in practice, i.e., not for each property every important attribute is available. In…

Computer Vision and Pattern Recognition · Computer Science 2022-11-17 Eric Stumpe , Miroslav Despotovic , Zedong Zhang , Matthias Zeppelzauer

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…

General Economics · Economics 2024-01-18 Adam R. Swietek

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…

Computer Vision and Pattern Recognition · Computer Science 2023-06-02 Cohen Archbold , Benjamin Brodie , Aram Ansary Ogholbake , Nathan Jacobs

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…

Theoretical Economics · Economics 2023-02-21 Nikhil Malik , Emaad Manzoor

We study how deep learning can improve valuation in the art market by incorporating the visual content of artworks into predictive models. Using a large repeated-sales dataset from major auction houses, we benchmark classical hedonic…

General Finance · Quantitative Finance 2025-12-30 Jianping Mei , Michael Moses , Jan Waelty , Yucheng Yang

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…

Econometrics · Economics 2019-10-22 Stephen Law , Brooks Paige , Chris Russell