AI in Real Estate Archives

April 30, 2024April 30, 2024

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 offers support all the way through closing day.

With round-the-clock support, Claire is poised to make a home purchase, well…user-friendly. And if Claire’s your agent, you needn’t worry about paying commission.

April 4, 2024April 25, 2024

Tech in 2024: Real Estate’s Transformation Speeds Ahead

Tech continues to transform the real estate world. It helps us assess the value of property. It enables people to spot trends. It assists real estate pros as they market, map, and make predictions. It enables “dream home” buyers to participate in the design work.

Most important of all, technology plays a housing affordability role.

Here, we take a peek at just a few innovations in real estate to watch.

February 4, 2024April 25, 2024

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 real estate deal? Not exactly. You can already use ChatGPT-enabled chatbots to review the public data on markets, specific homes and tours, and mortgage rates. But AI is a tool for real people — not a replacement for them.

December 5, 2023April 25, 2024

What a New Executive Order Says About Artificial Intelligence—and How It Could Help People Buy Homes

A new Biden Executive Order will influence the development of artificial intelligence (AI). The Executive Order will both steer and facilitate the use of AI in many aspects of our lives.

So, is any of it relevant to how deeds change hands, and homes are bought and sold? The answer is yes — especially where financing is involved. Let’s take a look.

November 10, 2023April 25, 2024

The “Post-MLS” Market: Is Being Your Own Agent the Future of Real Estate?

Some hopeful home buyers don’t want an agent. “Why, in the age of online marketplaces and bank apps,” they might ask…

“Can’t I find a home myself and make a deal with the owner?”

Some write to owners, asking who wants to sell person-to-person — no agents. No bidding wars. No agent commissions.

“And why not?” a seller asks. “Why should I list my home with the MLS (multiple listing service) gatekeeper? I’m not up to the task of putting my home on the market, but I would sell if the price were right!”

Where there’s a will, there’s an app — and a company called Galleon is seizing the moment.

September 7, 2023April 25, 2024

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 estate. NAR invited 12 AI firms to its Innovation, Opportunity & Investment Summit (Aug. 29–30, 2023, Miami).

We tried to guess who’d win.

Tag: AI in Real Estate