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Yes, they do have a team that uses "AI" and/or "ML" to identify properties. How effective that team has been or the extent to which that team's existence makes
by edw 7y ago
Yes, they do have a team that uses "AI" and/or "ML" to identify properties. How effective that team has been or the extent to which that team's existence makes them a tech company are entirely different questions.
- redisman 7y agoProbably something like the Whole Foods algorithm. Find a wealthy area that fits your target demographics.
- JMTQp8lwXL 7y agoThat sounds like a very simple algorithm. Get census data, sort by zip code median income, and filter results to above a minimum dollar amount. Doesn't make it any less of an algorithm.
- heurist 7y agoI'm in real estate analytics and know that at least for my area, they used a real estate broker to find properties like anyone else would. Brokers know f-all about AI/ML/analytics (I tried to sell it to them for years all over the country and never got through to them. My fault or theirs, who knows.). They might be using AI/ML in other ways but RE in general is data-averse. Especially in office, most cities have a small area with most class A space and local brokers know it like the back of their hands.