Home Price Estimates - How the prices we see are determined
Duration: 0:07:10
In this podcast episode, the host discusses using AI to improve the accuracy of estimating housing prices. He explains that while there are various methods for estimating housing prices, the market comparison method is the simplest and most straightforward. However, even with this method, the estimated price is only approximate, and it's challenging to quantify the impact of various factors such as location and age of the property. The idea of using AI is to improve the accuracy of these estimates by taking into account a wider range of variables.
Language:
Chinese