BY BRAD BECKETT ON OCTOBER 19, 2021
CNBC’s Diana Olick says artificial intelligence might be taking over the real estate industry. She discusses the overall impact artificial intelligence (AI) is having on real estate with companies like Zillow now using machine-learning in their Zestimates. Click here to read more.
“In the case of the Zestimate algorithm, the neural network model correlates home facts, location, housing market trends and home values. As a result of this update, the Zestimate can now react more quickly to dynamic market conditions, providing homeowners with a more accurate estimate [prediction]of a home’s current value….”