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The real estate market is vital to global economies but suffers from significant information asymmetry. This study examines how Large Language Models (LLMs) can democratize access to real estate insights by generating competitive and…

人工智能 · 计算机科学 2025-10-01 Margot Geerts , Manon Reusens , Bart Baesens , Seppe vanden Broucke , Jochen De Weerdt

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…

机器学习 · 计算机科学 2022-05-04 Walter Coleman , Ben Johann , Nicholas Pasternak , Jaya Vellayan , Natasha Foutz , Heman Shakeri

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…

机器学习 · 计算机科学 2024-09-10 Md Hasebul Hasan , Md Abid Jahan , Mohammed Eunus Ali , Yuan-Fang Li , Timos Sellis

In recent years, machine learning (ML) techniques have become a powerful tool for improving the accuracy of predictions and decision-making. Machine learning technologies have begun to penetrate all areas, including the real estate sector.…

机器学习 · 计算机科学 2025-06-25 Oleh Pastukh , Viktor Khomyshyn

Successfully predicting gentrification could have many social and commercial applications; however, real estate sales are difficult to predict because they belong to a chaotic system comprised of intrinsic and extrinsic characteristics,…

机器学习 · 统计学 2019-02-05 Timothy J. Kiely , Nathaniel D. Bastian

In this paper, we review modern approaches to building interpretable models of property markets using machine learning on the base of mass valuation of property in the Primorye region, Russia. There are numerous potential difficulties one…

统计金融 · 定量金融 2026-02-18 Alexey S. Tanashkin , Irina G. Tanashkina , Alexander S. Maksimchuik

The real estate market is exposed to many fluctuations in prices because of existing correlations with many variables, some of which cannot be controlled or might even be unknown. Housing prices can increase rapidly (or in some cases, also…

As a basic human need, housing plays a key role in enhancing health, well-being, and educational outcome in society, and the housing market is a major factor for promoting quality of life and ensuring social equity. To improve the housing…

机器学习 · 计算机科学 2025-06-16 Abdalwahab Almajed , Maryam Tabar , Peyman Najafirad

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,…

机器学习 · 计算机科学 2020-06-19 Shashi Bhushan Jha , Radu F. Babiceanu , Vijay Pandey , Rajesh Kumar Jha

Explainable machine learning (XML) has emerged as a major challenge in artificial intelligence (AI). Although black-box models such as Deep Neural Networks and Gradient Boosting often exhibit exceptional predictive accuracy, their lack of…

统计方法学 · 统计学 2024-06-18 Evgenii Kuriabov , Jia Li

Home sale prices are formed given the transaction actors economic interests, which include government, real estate dealers, and the general public who buy or sell properties. Generating an accurate property price prediction model is a major…

机器学习 · 计算机科学 2020-08-25 Shashi Bhushan Jha , Vijay Pandey , Rajesh Kumar Jha , Radu F. Babiceanu

Accurate house prediction is of great significance to various real estate stakeholders such as house owners, buyers, investors, and agents. We propose a location-centered prediction framework that differs from existing work in terms of data…

机器学习 · 计算机科学 2023-04-06 Guangliang Gao , Zhifeng Bao , Jie Cao , A. K. Qin , Timos Sellis , Zhiang Wu

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…

理论经济学 · 经济学 2023-02-21 Nikhil Malik , Emaad Manzoor

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…

机器学习 · 计算机科学 2020-08-14 Hao Peng , Jianxin Li , Zheng Wang , Renyu Yang , Mingzhe Liu , Mingming Zhang , Philip S. Yu , Lifang He

We consider the problem of dynamic pricing of a product in the presence of feature-dependent price sensitivity. Developing practical algorithms that can estimate price elasticities robustly, especially when information about no purchases…

机器学习 · 统计学 2022-12-21 Ravi Kumar , Shahin Boluki , Karl Isler , Jonas Rauch , Darius Walczak

As machine learning becomes an important part of many real world applications affecting human lives, new requirements, besides high predictive accuracy, become important. One important requirement is transparency, which has been associated…

机器学习 · 计算机科学 2019-08-01 Tiago Botari , Rafael Izbicki , Andre C. P. L. F. de Carvalho

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…

计量经济学 · 经济学 2021-10-15 Mahdieh Yazdani

This study contributes a house price prediction model selection in Tehran City based on the area between Lorenz curve (LC) and concentration curve (CC) of the predicted price by using 206,556 observed transaction data over the period from…

计量经济学 · 经济学 2021-12-14 Mohammad Mirbagherijam

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…

计算机视觉与模式识别 · 计算机科学 2016-09-28 Eman Ahmed , Mohamed Moustafa

The performance of machine learning models can significantly degrade under distribution shifts of the data. We propose a new method for classification which can improve robustness to distribution shifts, by combining expert knowledge about…

机器学习 · 计算机科学 2022-08-31 Souradeep Dutta , Yahan Yang , Elena Bernardis , Edgar Dobriban , Insup Lee
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