Zillow’s Post

Although Zillow hasn't ventured into the commercial #RealEstate sector, it's interesting to see how their #AI features continue to evolve. As reported in the article below, Zillow's AI offerings have expanded to include "additional criteria to assist buyers in their search for homes using natural language, including commute time, schools, nearby points of interest, and affordability." I wonder how this application of AI will impact our commercial real estate sector in areas such as accelerating lease up by attracting prospective residents for our multi family rental projects? I'm interested in what others are seeing and what application of AI in commercial real estate you are having success with now? #RealEstate #CommericalRealEstate #AI

So, we did something today… 🚀 With limited resources, our incredible engineering team built an AI-powered home search platform in less than 2 months that home buyers in Massachusetts can use to purchase their next home. I asked the Nuhom team, what would happen if you combined AI with real estate, specifically residential home buying. From a simple sketch, to a POC, to now a working solution....they came back with an AI-powered home search platform that can help home buyers find their next home, answer home buying FAQs that they would generally ask their agent, and facilitate the buying process. WOW! It’s a lot, but they pulled it off! How did we make this happen? - We developed a conversational interface to allow home buyers to receive guidance without the pressure, and take action at their own pace in a more natural way - We integrated with the latest LLMs, including OpenAI, Mistral, and other proprietary models, to better understand home buyers’ needs and wants more naturally - Created an RAG system that allows us to ingest local real estate data to provide a more contextual and personalized home search experience at the right moment - Integrated with MLS to access millions of home listing data points - We’ve integrated observability, prompt management, and other tools like Langfuse and Signoz - On the operational side of things, we have on-demand licensed real estate agents facilitating the offline moments like home tours and inspections And, today we just onboarded our first home buyer using this new search. So it works 🙂 So, why does this matter? Two reasons… 1. The traditional way of buying a home using an agent is ripe for an upgrade. We can create a better home buying experience that puts home buyers first and gives them access to more insights that help them make a good purchase decision (much like a good agent does today). 2. The real estate industry will change - Regulations may impact how agents get paid (a $110B industry). Even if no regulations change, we still believe technological and behavioral shifts will force the industry to evolve in meaningful ways that will ultimately benefit the consumer. Buying a home is a special moment. One that requires a thoughtful process and care as home buyers navigate this big purchase. Our goal is to deliver a high-touch, personalized home shopping experience to consumers online, and we believe generative AI and smart utilization of human agents will play a vital role in enabling this. I might be biased, but I like to think it can be better than Zillow (or will be soon) Give it a try and tell us what you think. It’s still rough around the edges, and there is much more to do to improve it. But we will get there.. Try it: search.nuhom.co If you're interested in what we’re doing, AI, or real estate, let's chat https://lnkd.in/eGj3H3TW #AI #realestate #proptech

🏠 How AI is Transforming Real Estate 🤖✨ AI is revolutionizing the real estate landscape, breaking down barriers, and enhancing the buying experience. 🏡💡 Discover how AI-driven insights are reshaping the way we buy, sell, and invest in real estate—making it simpler, smarter, and more accessible for everyone. Curious to see how AI is shaping the future of real estate? Read the full blog! 📖👇 https://lnkd.in/dpTSCjXW #AIinRealEstate #PropTech #RealEstateInnovation #DigitalTransformation #SmartInvesting #Relata V. Amith kumar Dubey Rakshith Venkatesh

Using AI for real estate analysis saves people time, reduces risk, and, most importantly, levels the playing field - so mom-and-pop operators can enjoy the same level of analysis as national real estate players. Learn more about how we use AI to find rent comps here: https://lnkd.in/ghTyuQBn #RentComps #RentSurvey #MultifamilyPricing #Multifamily #aiinrealestate #CREtech #proptech #realestatedata

Discover how AI transforms the home-buying process by evaluating data to recommend optimal locations tailored to individual preferences. Learn about the benefits of AI in making informed property decisions.

AI In Real Estate: Transforming The Modern Property Market https://bit.ly/3uEtQCw #aiinrealestate #realestate #artificialintelligence #aidevelopment #realestateindustry #realestateappdevelopment #realestatemarket #aidevelopmentcompany

The real estate market is profoundly transforming in an era of technological advancements and artificial intelligence (AI) proliferation. AI algorithms promise streamlined searches and data-driven decision-making, enticing homebuyers with the allure of efficiency. However, amidst this digital revolution, the enduring value of human buyer agents cannot be overstated. #realestate #realestateagent #buyersagent

AI In Real Estate: Transforming The Modern Property Market https://bit.ly/3uEtQCw #aiinrealestate #realestate #artificialintelligence #aidevelopment #realestateindustry #realestateappdevelopment #realestatemarket #aidevelopmentcompany

AI In Real Estate: Transforming The Modern Property Market https://bit.ly/3uEtQCw #aiinrealestate #realestate #artificialintelligence #aidevelopment #realestateindustry #realestateappdevelopment #realestatemarket #aidevelopmentcompany

I just read an interesting article by realestate.com.au Media on how artificial intelligence is changing the way Australians engage with the property market. The insights about the intersection of AI and real estate are truly fascinating. One quote that stood out to me: “It’s about bringing the consumer greater trust in the agent and helping to streamline their property journey.” Another key point from the article was by Mr McLeod: “At the end of the day, the most important six feet of real estate is the dining room table - no machine will ever be able to replace time talking to people.” This underscores the balance between leveraging AI for efficiency and maintaining the human touch that is essential in real estate. I'm curious about your thoughts - do you think AI in real estate is the future? Let me know in the comments! To quote the article: “But who knows where the end is on this, who knows where it will go.” #RealEstate #AI #PropertyMarket #DataSecurity #Australia