Episode 8 – Artificial Intelligence and Modern Real Estate Intelligence

Traditional home price indices were developed to identify patterns in prices of homes across large geographies, useful for tasks like research and policymaking. However, due to limited data sets and outdated technology, risk managers, analysts, real estate professionals and other practitioners were receiving information that was months old and not at a granularity that was meaningful. Today, Artificial Intelligence and Machine Learning acting on very large datasets have made it possible to upgrade the traditional methods for home price indices.