CRE Data Science Decoded

What is a benchmark in real estate?

In real estate, a "benchmark" generally refers to a standard or reference point used to compare properties and assess their value, performance, or potential.

December 18, 2023

What are the best tools for SFR Analytics?

The best tools for SFR analytics typically offer capabilities in market analysis, property management, financial analysis, and tenant screening. Here's a rundown of some of the key types of tools that are highly regarded in the SFR space.

December 18, 2023

What is geospatial analysis in real estate?

Geospatial analysis refers to the process of using geographic and spatial data to evaluate, assess, and visualize trends and patterns in the real estate market. This type of analysis considers the spatial relationships and geographic context of properties to provide insights that go beyond what traditional data analysis can offer.

December 16, 2023

What is an automated valuation model in real estate?

An Automated Valuation Model (AVM) in real estate is a technology-driven tool that uses mathematical modeling to value properties. Essentially, it's a software system that analyzes various data points to estimate the market value of a property, often in real-time.

December 16, 2023

What is OCR and how is it used in real estate?

OCR, or Optical Character Recognition, is a technology that converts different types of documents, such as scanned paper documents, PDF files, or images captured by a digital camera, into editable and searchable data.

November 20, 2023

Is OCR the same thing as machine learning?

Yes, Optical Character Recognition (OCR) often employs machine learning techniques. OCR is the process of converting different types of documents, such as scanned paper documents, PDF files or images captured by a digital camera into editable and searchable data.

November 13, 2023

What is Computer Vision and How is it Used in Real Estate?

Computer vision, a branch of artificial intelligence that interprets visual data, is utilized in real estate to analyze property images, automate assessments, and enhance virtual tours, improving both listing accuracy and customer interaction.

October 25, 2023

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