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Eastern Shore Lifestyle Eastern Shore Insights™ Beyond Algorithms, Part 5: AI Can Facilitate a Real Estate Transaction. It Can’t Build Trust. Artificial intelligence is becoming remarkably good at helping with real estate.  It can search thousands of listings in seconds. It can organize information, summarize documents, analyze market data, identify trends, draft communications and help buyers and sellers navigate an increasingly complicated process.  All of that is useful. After 45 years practicing law and working as […]
Eastern Shore Lifestyle Eastern Shore Insights™. Beyond Algorithms, Part 4: AI Can Process the Information. It Can’t Make the Judgment. AI Can Process the Information. It Can’t Make the Judgment. Artificial intelligence will change the way we buy and sell real estate.  It will make information more accessible, searches more sophisticated and analysis faster. But information is not judgment.  And a real estate decision is not simply an information issue. It is a human decision […]
Uncategorized Eastern Shore Insights.™ Beyond the Algorithm, Part 3: AI Can Analyze a Market. It Can’t Know What Matters to You Artificial intelligence is remarkably good at analyzing real estate markets. Give it enough data and AI can identify: Median sale prices • Price trends • Days on market • Inventory levels • Comparable sales • Property tax differences • Neighborhood statistics • Even the likelihood that a particular property will appreciate That is powerful information. […]
Eastern Shore Lifestyle Eastern Shore Insights™: Beyond the Algorithm: AI Can Value a House. It Can’t Value YOUR house. Post 2.  Beyond the Algorithm: AI can value a house.  It cant value your house. Artificial intelligence has become remarkably good at estimating the value of residential real estate. Give it enough data—recent sales, square footage, lot size, age, tax records, neighborhood trends—and it can produce a number in seconds. Sometimes that number is surprisingly […]
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