Technology is ‘learning’ to look at images of property and assess the value. Chief analytics architect at CoreLogic, Scott Matthews, explains what this means for the future of buying property and the humans in the process.
Teaching Machines To Understand Property
Preliminary results show a clearance rate of 45.5 per cent this week, compared to 43.3 per cent last week, while one year ago, a final clearance rate of 60.9 per cent was recorded. As final results are collected we will likely see the clearance rate revise down below 45 per cent for the third consecutive...
This week’s Property Pulse looks at property sales over the past 12 years and compares them to the original advertised price to see if they sell for more, less or the same as that price and whether these trends are changing.