A Study on the Development of the Real Estate Sentiment Index Model Using the Machine Learning Techniques

2021 ◽  
Vol 27 (2) ◽  
pp. 47-62
Author(s):  
Jaesoo Park ◽  
Jae-Su Lee
Keyword(s):  
Machine Learning ◽  
Real Estate ◽  
Machine Learning Techniques ◽  
The Real ◽  
The Real Estate ◽  
Index Model ◽  
Learning Techniques

MACHINE LEARNING FOR PROPERTY PRICE PREDICTION AND PRICE VALUATION: A SYSTEMATIC LITERATURE REVIEW

2021 ◽  
Vol 19 (17) ◽  
Author(s):  
Nur Shahirah Ja’afar ◽  
Junainah Mohamad ◽  
Suriatini Ismail
Keyword(s):  
Machine Learning ◽  
Real Estate ◽  
Machine Learning Algorithms ◽  
Machine Learning Techniques ◽  
Statistical Tool ◽  
The Real Estate ◽  
Price Prediction ◽  
Learning Techniques ◽  
Property Price ◽  
Future Data

Machine learning is a branch of artificial intelligence that allows software applications to be more accurate in its data predicting, as well as to predict current performance and improve for future data. This study reviews published articles with the application of machine learning techniques for price prediction and valuation. Authors seek to explore optimal solutions in predicting the property price indices, that will be beneficial to the policymakers in assessing the overall economic situation. This study also looks into the use of machine learning in property valuation towards identifying the best model in predicting property values based on its characteristics such as location, land size, number of rooms and others. A systematic review was conducted to review previous studies that imposed machine learning as statistical tool in predicting and valuing property prices. Articles on real estate price prediction and price valuation using machine learning techniques were observed using electronics database. The finding shows the increasing use of this method in the real estate field. The most successful machine learning algorithms used is the Random Forest that has better compatibility to the data situation.

scholarly journals Artificial Intelligence for Modeling Real Estate Price Using Call Detail Records and Hybrid Machine Learning Approach

Entropy ◽  
2020 ◽  
Vol 22 (12) ◽  
pp. 1421
Author(s):  
Gergo Pinter ◽  
Amir Mosavi ◽  
Imre Felde
Keyword(s):  
Artificial Intelligence ◽  
Machine Learning ◽  
Real Estate ◽  
Model Performance ◽  
Machine Learning Method ◽  
Learning Method ◽  
The Real ◽  
The Real Estate ◽  
Real Estate Price ◽  
Call Detail Records

Advancement of accurate models for predicting real estate price is of utmost importance for urban development and several critical economic functions. Due to the significant uncertainties and dynamic variables, modeling real estate has been studied as complex systems. In this study, a novel machine learning method is proposed to tackle real estate modeling complexity. Call detail records (CDR) provides excellent opportunities for in-depth investigation of the mobility characterization. This study explores the CDR potential for predicting the real estate price with the aid of artificial intelligence (AI). Several essential mobility entropy factors, including dweller entropy, dweller gyration, workers’ entropy, worker gyration, dwellers’ work distance, and workers’ home distance, are used as input variables. The prediction model is developed using the machine learning method of multi-layered perceptron (MLP) trained with the evolutionary algorithm of particle swarm optimization (PSO). Model performance is evaluated using mean square error (MSE), sustainability index (SI), and Willmott’s index (WI). The proposed model showed promising results revealing that the workers’ entropy and the dwellers’ work distances directly influence the real estate price. However, the dweller gyration, dweller entropy, workers’ gyration, and the workers’ home had a minimum effect on the price. Furthermore, it is shown that the flow of activities and entropy of mobility are often associated with the regions with lower real estate prices.

scholarly journals Automation of business processes of entrepreneurial activity in the field of real estate based on artificial intelligence technologies

2021 ◽  
Vol 18 (5) ◽  
pp. 150-159
Author(s):  
A. N. Asaul ◽  
◽  
G. F. Shcherbina ◽  
M. A. Asaul ◽  
◽  
...  
Keyword(s):  
Artificial Intelligence ◽  
Machine Learning ◽  
Real Estate ◽  
Business Processes ◽  
Learning Technologies ◽  
Entrepreneurial Activity ◽  
The Real ◽  
The Real Estate ◽  
Real Estate Sector ◽  
Entrepreneurial Activities

The article refines the concept of «business process», the essence of business processes` automation in entrepreneurial activities is considered through the use of artificial intelligence and machine learning technologies for IT integration in the real estate sector. Based on the market analysis, the state of development of artificial intelligence and machine learning in Russia, its significance and prospects for implementation in business activities in the real estate sector are studied.

scholarly journals Estimating Warehouse Rental Price using Machine Learning Techniques

2018 ◽  
Vol 13 (2) ◽  
pp. 235-250 ◽  
Author(s):  
Yixuan Ma ◽  
Zhenji Zhang ◽  
Alexander Ihler ◽  
Baoxiang Pan
Keyword(s):  
Machine Learning ◽  
Random Forest ◽  
Real Estate ◽  
Rapid Development ◽  
Supply And Demand ◽  
Machine Learning Techniques ◽  
Gradient Boosting ◽  
Logistics Industry ◽  
Real Estate Price ◽  
Learning Techniques

Boosted by the growing logistics industry and digital transformation, the sharing warehouse market is undergoing a rapid development. Both supply and demand sides in the warehouse rental business are faced with market perturbations brought by unprecedented peer competitions and information transparency. A key question faced by the participants is how to price warehouses in the open market. To understand the pricing mechanism, we built a real world warehouse dataset using data collected from the classified advertisements websites. Based on the dataset, we applied machine learning techniques to relate warehouse price with its relevant features, such as warehouse size, location and nearby real estate price. Four candidate models are used here: Linear Regression, Regression Tree, Random Forest Regression and Gradient Boosting Regression Trees. The case study in the Beijing area shows that warehouse rent is closely related to its location and land price. Models considering multiple factors have better skill in estimating warehouse rent, compared to singlefactor estimation. Additionally, tree models have better performance than the linear model, with the best model (Random Forest) achieving correlation coefficient of 0.57 in the test set. Deeper investigation of feature importance illustrates that distance from the city center plays the most important role in determining warehouse price in Beijing, followed by nearby real estate price and warehouse size.

scholarly journals Identifying Real Estate Opportunities Using Machine Learning

2018 ◽  
Vol 8 (11) ◽  
pp. 2321 ◽  
Author(s):  
Alejandro Baldominos ◽  
Iván Blanco ◽  
Antonio Moreno ◽  
Rubén Iturrarte ◽  
Óscar Bernárdez ◽  
...  
Keyword(s):  
Machine Learning ◽  
Real Estate ◽  
Housing Prices ◽  
Market Price ◽  
Real Estate Market ◽  
Support Vector ◽  
Regression Problem ◽  
The Real ◽  
The Real Estate ◽  
The Real Estate Market

The real estate market is exposed to many fluctuations in prices because of existing correlations with many variables, some of which cannot be controlled or might even be unknown. Housing prices can increase rapidly (or in some cases, also drop very fast), yet the numerous listings available online where houses are sold or rented are not likely to be updated that often. In some cases, individuals interested in selling a house (or apartment) might include it in some online listing, and forget about updating the price. In other cases, some individuals might be interested in deliberately setting a price below the market price in order to sell the home faster, for various reasons. In this paper, we aim at developing a machine learning application that identifies opportunities in the real estate market in real time, i.e., houses that are listed with a price substantially below the market price. This program can be useful for investors interested in the housing market. We have focused in a use case considering real estate assets located in the Salamanca district in Madrid (Spain) and listed in the most relevant Spanish online site for home sales and rentals. The application is formally implemented as a regression problem that tries to estimate the market price of a house given features retrieved from public online listings. For building this application, we have performed a feature engineering stage in order to discover relevant features that allows for attaining a high predictive performance. Several machine learning algorithms have been tested, including regression trees, k-nearest neighbors, support vector machines and neural networks, identifying advantages and handicaps of each of them.

scholarly journals Machine learning for transient recognition in difference imaging with minimum sampling effort

2020 ◽  
Vol 499 (4) ◽  
pp. 6009-6017
Author(s):  
Y-L Mong ◽  
K Ackley ◽  
D K Galloway ◽  
T Killestein ◽  
J Lyman ◽  
...  
Keyword(s):  
Machine Learning ◽  
Feature Representation ◽  
Supervised Machine Learning ◽  
Machine Learning Techniques ◽  
Sampling Effort ◽  
Training Set ◽  
The Real ◽  
Learning Techniques ◽  
The Difference ◽  
Difference Imaging

ABSTRACT The amount of observational data produced by time-domain astronomy is exponentially increasing. Human inspection alone is not an effective way to identify genuine transients from the data. An automatic real-bogus classifier is needed and machine learning techniques are commonly used to achieve this goal. Building a training set with a sufficiently large number of verified transients is challenging, due to the requirement of human verification. We present an approach for creating a training set by using all detections in the science images to be the sample of real detections and all detections in the difference images, which are generated by the process of difference imaging to detect transients, to be the samples of bogus detections. This strategy effectively minimizes the labour involved in the data labelling for supervised machine learning methods. We demonstrate the utility of the training set by using it to train several classifiers utilizing as the feature representation the normalized pixel values in 21 × 21 pixel stamps centred at the detection position, observed with the Gravitational-wave Optical Transient Observer (GOTO) prototype. The real-bogus classifier trained with this strategy can provide up to $95{{\ \rm per\ cent}}$ prediction accuracy on the real detections at a false alarm rate of $1{{\ \rm per\ cent}}$.

Sign in / Sign up

Export Citation Format

Share Document