The writer is a professor at MIT, where he directs the Senseable City Lab. He is co-author of ‘Atlas of the Senseable City’.
Meet your new real estate agent: it’s a bot. Artificial intelligence algorithms can now take one look at a house — by using Google Street View, for example — and predict its price with striking accuracy. Yet what the technology will see, and what it will miss, could skew the property market.
Visual inspections are a key factor in real estate. Agents use data to assess a home — the building’s layout, prices for comparable properties and neighbourhood amenities — but they also need to visit in person.
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