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Zillow

Performance Property Real Estate Question

3 Ways Artificial Intelligence May Improve Real Estate

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 […]

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Real Estate Insight

Zillow Announced That It Is Exiting Its iBuyer House Flipping Business

After racking up over $1 billion in losses over 3.5 years, Zillow announced that it is exiting its iBuyer house flipping business.

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Real Estate Tip

Gerald’s Real Estate Tip of the – Week of 5/8/18

Get 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.

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Real Estate Tip

Gerald’s Real Estate Tip of the – Week of 1/23/18

Both Trulia and Zillow acknowledge that their home value estimates are often inaccurate.

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