ATTOM’s Post

What major challenges does AI adoption face in real estate today? "There’s an estimated $180 billion in value that could be unlocked from the advancements of generative AI, according to McKinsey estimates." AI adoption in real estate faces hurdles due to unorganized data, tech-averse workforce, and industry dynamics, despite potential significant value.

Would you buy a house with an AI agent? Huh?? AI is on the rise. Real estate agent commissions are about to change dramatically and it may not be worth it for many agents to show houses to buyers. What if AI could do most of the work? Let me know if you think this is farfetched. #AI #aijobloss #realestate #cre #amazon https://lnkd.in/eRe6DEAS?

📢 Thrilled to be featured in an engaging #Fortune article written by John Kell, where he kindly quoted me on a crucial topic! 🌐 In this era of AI, I firmly believe that the barrier to using AI will continue to diminish. As I shared in the article, "I believe in this era of AI, the barrier of using AI will continue to go lower. And then you ask yourself, 'If using AI is not a competitive advantage, then what is?' The answer is absolutely your data." This quote encapsulates a crucial insight into the power of AI and the significance of data in today's business landscape. With AI technology becoming more accessible, it's essential for professionals to recognize that leveraging data effectively is the key to staying competitive. Data holds immense value and is the true differentiator in the age of AI. By harnessing our data intelligently, we can make informed decisions, identify market trends, and gain a distinct advantage over our competitors. I encourage you to read John's article to gain deeper insights into the intersection of AI and commercial real estate. Let's continue to leverage our data and propel our industry forward! https://lnkd.in/gB295H5Z #AI #JLL #CommercialRealEstate #Data #Fortune

Artificial Intelligence helps our lives with efficiency and ease. Similarly, in real estate, AI helps in so many ways. Here's how we're already using it to sell homes and how it may change in the future.

Innovation was in the air at last week’s HousingWire AI Summit. 💡🔑 Catch up on what you missed with the latest blog from Vin Vomero. “The insights shared by industry leaders provided a clear roadmap for harnessing AI’s power to drive efficiency and innovation in mortgage in addition to a wide variety of real estate sectors.” Read on for the top 3 takeaways: https://hubs.ly/Q02JWyVs0 #Innovation #PropTech #PropertyIntelligence #ComputerVision #AI #RealEstate

The fusion of #AI into the #RealEstate landscape is not just a trend—it's a revolution. I chanced upon an enlightening read on Forbes today! Marc Rutzen, an authority in the tech and property space, delves deep into the transformative power of AI in real estate. From intelligent document processing that reshapes data extraction to AI's prowess in automating due diligence, the article is a treasure trove of insights. But it's not all rosy. Marc also touches upon the challenges—data privacy concerns, potential biases, and the looming digital divide. For those at the intersection of property and technology, or anyone curious about the future of real estate, this piece is a must-read. Dive in and discover the future that awaits! 🔗 AI in Real Estate: Where To Start? P.S. Not affiliated with the website https://lnkd.in/e2FKkXRh #AI #RealEstateInnovation #ForbesTechCouncil #FutureOfProperty

➡ #RealEstate has always been known as a traditional sector. However, thanks to new digital real estate and technology, the reality is changing. One of the technologies that is contributing the most to this is Artificial Intelligence, in aspects such as property valuation 🏡 and even customer service. If you want to know what other aspects #AI is impacting on Real Estate, don't miss this article ⬇:

Now that the National Association of REALTORS® cartel is being broken up, the little value that real estate agents offer will be replaced by… you guessed it, a simple AI chatbot. “A well-trained AI would probably provide a better, more reliable service than most human brokers — at a tiny fraction of the cost. An AI trained on the actions of very good brokers would be able to forward new listings to clients within seconds of them appearing; would be up to speed on the plethora of documents and payments that need to be brought to a closing; and could answer questions in an approachable, conversational style 24 hours a day.” https://lnkd.in/e5fMwcf9

Many tech experts predict that artificial intelligence (AI) will revolutionise how we live in the future. So, what impact will AI have on the home selling process? Here’s a quick look at how AI might influence the property market in years to come and why estate agents will always have an important part to play.

A good agent brings experience, expertise, communication skills, and empathy—qualities that automated technology often lacks. This is where human touch surpasses automated solutions: #realestate #AI #proptech #technology