Category: Artificial Intelligence
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Training Algorithms to Fix Rents? That’s Illegal, Justice Department Tells Software Company
You’re renting, and saving up to buy. You’d like to hold the deed to your home. You crave an opportunity to “get on the ladder” and build wealth through home equity. And you’ve had it up to here with rent hikes. You’ve read up on inflation. You regularly check in on mortgage interest rates. The…
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Driving Change: Can a Real Estate Company Use AI to Root Out Prejudice in Deeds?
Seattle real estate firm John L. Scott is on to something. The company is working with Amazon Web Services to create intelligent document processing. The goal? To help deed holders easily check for race-based deed restrictions — and take action. Race-based prejudice is all too common in deeds across the United States. The language…
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Here Comes the First AI-Powered, Fraud-Busting Notarization Platform
The notarization company ProofSM has launched an artificial intelligence (AI)-powered fraud detection tool. It’s called Defend. Proof is a service mark of Notarize, a leader in remote online notarization. Proof points to the $80+ billion in annual losses in the U.S. on account of identity theft, document manipulation, wire fraud, and forged signatures. The company…
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What’s the Latest With AI in Real Estate? Ask Claire.
A company named reAlpha is a publicly traded firm focused on property technology — proptech. And it’s very big on artificial intelligence. But who’s Claire? That’s reAlpha’s Smart Buyer’s Agent. Claire is powered by generative AI. Claire helps the home buyer pick out the best homes to consider. Claire then provides data-informed virtual tours, and…
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What AI Is Doing for Real Estate—From Very Detailed Property Searches to Climate-Smart Construction
Homebuyers can speak in conversational language to the AI-boosted Tomo Real Estate app, taking the AI-powered home search up a notch. The mortgage platform can even tell you how much mortgage debt is left. The founders of Seattle-based Tomo came from Zillow. Seems they know what information potential buyers want. Not just the number of…
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Can We Use AI Instead of Real Estate Agents Yet?
Real estate sites use AI to offer cutting-edge listing searches. And lenders use artificial intelligence when sizing up an applicant’s financial strength. Tech-focused online lenders employ AI to help them approve or reject loan applications right away. Additionally, AI can automate various business tasks, thereby reducing the risk of fraud. But can AI manage a…
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ChatGPT Technology Supercharges Smart Homes (Just Ask Josh!)
First there was ChatGPT. And now, drawing on the same technology, there’s a new smart home system: JoshGPT. Is this the shape of things to come? Josh is a complete home automation system, driven by the very latest in artificial intelligence (AI). And it’s definitely still in its pricey stage. Let’s take a look.
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How Self-Driving Cars Could Transform the Suburbs
Self-driving cars are becoming a real thing. As they rise in popularity, they’re likely to shake up the way we move, the way we cope with age and disability, and the way things look and feel in our cities and suburbs. How? First, let’s distinguish between the actual developments and the hype in the self-driving…
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And the Winner Is… NAR’s AI Contest “Homes In” on Phone Call Tech
The National Association of Realtors® (NAR) is on the hunt for “the next big thing in real estate tech,” says Bob Goldberg, the group’s CEO. Last month, in our update on artificial intelligence for home searches, we saw NAR advertising a contest to showcase the best uses it could find for artificial intelligence in real…
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Artificial Intelligence for Home Searches Actually Works! And Look at What Else AI Can Do.
If you’ve noticed improved property valuations and descriptions on real estate sites lately, you might want to credit artificial intelligence (AI). Platforms like Compass, Zillow, and Redfin are all utilizing AI to enhance the user experience. They’re introducing impressive new search features that truly deliver. Millennials and the younger generations are resonating with AI. Many…
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Can I Use AI in My Real Estate Business? How?
Real estate agents, in small businesses or nationally known agencies, are integrating artificial intelligence into their standard operations. No, this isn’t about outsourcing everything to robots. Communicating the values and personality of a business needs the human touch. But generative AI models can certainly get work done for you. A recent article in The Real…
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Update on AI in Real Estate: Innovations on Our Radar
Artificial Intelligence (AI) is all about training computers to digest, comprehend, and act upon large amounts of information. A number of use cases for AI have entered the real estate scene. Artificial intelligence is: So, have the machines finally taken over?
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Not Just the Flavor of the Month: In Real Estate, AI’s Here to Stay
Real estate is data-driven. That makes it a key space for innovating with artificial intelligence (AI). Computers can now digest huge data sets. The patterns they find can be used in market forecasts and even single home value estimates. Zillow applies AI in the home valuations it calls Zestimates. Zillow and Redfin now collaborate with…
