Q: I’ve been hearing about AI in the news a lot recently. How do you think artificial intelligence will affect real estate? Zach, Hoboken, NJ A: Artificial intelligence is already impacting residential real estate. Zillow’s Zestimate method, which unfortunately often provides wildly inaccurate property valuation estimates, is nevertheless built on AI technology. Here are 3 ways artificial intelligence may improve residential real estate moving forward: By providing curated recommendations to renters & home buyers. Artificial intelligence can tailor property listings based on buyer and renter preferences By automating and streamlining customer care, AI-powered chatbots can handle inquiries about rentals and homes for sale to help both realtors as well as renters and home buyers By automating and streamlining the mortgage […]
continue readingAfter racking up over $1 billion in losses over 3.5 years, Zillow announced that it is exiting its iBuyer house flipping business.
continue readingGet an appraisal or Comparative Market Analysis from a realtor to value your home rather than use Zillow or Trulia whose property value algorithms are not consistently accurate.
continue readingBoth Trulia and Zillow acknowledge that their home value estimates are often inaccurate.
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