Tag: Real Estate Innovation
The implementation and development of immersive digital technologies such as Artificial Intelligence, Augmented Reality, Virtual Reality, Machine Learning, and 3D Configurators have drastically changed the way the world works. These technologies have proven their importance in innumerable fields and applications such as the communication and IT Service industry, Real Estate Industry, Manufacturing Industry, and many more.
In this article, we will discuss about three of these world-changing technologies and their application in the field of real estate, so buckle up and let’s get started!
AR In Real Estate
When you own a real estate business you already know that it is an ever-changing business. One day its ways of marketing are traditional and the next to take a 180 degrees turn to a completely modern approach. In this fast-paced industry, the use of Augmented Reality tilts more odds in your favor. Before we move any further let us first reiterate the meaning of Augmented Reality.
Augmented Reality (AR) is the real-time integration of digital information with the user’s environment in the form of text, graphics, audio, and other virtual enhancements integrated with real-world objects.
Although the conventional way to purchase property may be exciting, it can also be extremely tedious and time-consuming. The implementation of Augmented Reality has made this daunting process easier and less time-consuming. AR has successfully instigated realtors, builders, and real estate agents to take the leap of faith toward the digital front. With the help of this technology, they can offer better customer experience, faster purchase process, exciting tours, and boost their overall conversion rate.
Through AR clients can explore several properties and tour these properties virtually with just a few clicks in the comfort of their homes. This magical AR teleportation significantly saves valuable resources of time, energy, and money. If none of these are reasons enough, it also makes the entire process more exciting and fun.
Read more: Augmented Reality, Virtual Reality, and Mixed Reality detailed with Real-Life Examples!
Top Benefits Of Augmented Reality In Real Estate
1. Time-Saving
Augmented reality real estate applications show customers information about the building infrastructure, their effective energy rating, panes of glass used, materials used for construction, and even information about the vicinity of schools, hospitals, and community centers around the property. Although the initial installation of AR applications for real estate may cost a lot, in the bigger picture, it saves you money. MagicPlan is one such app that focuses on generating floor plans from photos helping buyers and tenants get a better sense of how to use the space and meet their needs without wasting much time and money on multiple site visits.
2. Visualization
Details about building construction can be boring to have to screen through but when you add the element of augmented reality, clients get to emerge themselves into the dimension of the property. This keeps them engaged and interested. Augmented reality applications let the customer view the property from different angles not just the bits that are captured from a camera. Vera is an apt example. The application can transform buildings into digitally reconstructed buildings from the inside out through highly accurate three-dimensional visualizations
3. Enhance Customer Experience
With all the above-mentioned benefits, customer experience is already bound to be boosted due to AR. Virtual staging enables customers to customize the interior décor and view finished goods and furniture before putting them in place. The entire experience is guaranteed to boost the client’s level of satisfaction. RealAR, an app transforming 2D floor plans and 3D models into full-blown life-size walkthroughs, gained maximum fame during the pandemic, enabling time-saving and cost-effective floor planning.
VR In Real Estate
Just like AR even Virtual Reality has set its claws deep into the real estate industry. These two technologies generally go hand-in-hand making them a dynamic power couple.
Virtual Reality is a computer-generated simulation of any 3D image or environment that is made to be interactive in a seemingly real or physical way by an individual using special electronic equipment, such as a VR helmet.
VR meets real estate at the intersection called 3D walkthroughs. These walkthroughs are a brilliantly immersive experience that enables customers to interact with the virtual environment and tour the property as if they were actually on the plot. It is no doubt that VR real estate is the next big thing in this industry and almost every VR app development company offers a specific spectrum of services in the virtual reality that cater to real estate segments. VR walkthroughs became famous during the COVID pandemic and have continued to thrive ever since.
Benefits Of VR In Real Estate
1. Immersive Property Showing
After visualizing the property most customers want to interact with it and try to cop a feel of the surrounding, VR comes in handy here. VR’s biggest strength is seen here with its ability to showcase property with a realistic and immersive experience, giving the client a chance to thoroughly explore the property. This sense of realism, familiar physics, and interactive nature unite together to create a truly immersive property showing. Virtual 360-degree walkthrough tours of the interior and exterior of the house without visiting the property in person is one major example of VR utilized for property visits.
2. Virtual Staging And Interior Design
Virtual staging is essentially being able to adjust the elements in your surrounding and furnish rooms however they like while viewing the property through virtual reality. By letting the customer customize the interior décor and design of the property, VR creates a more enhanced customer experience. VR developers can create enticing features like allowing the user to change the materials in space, try different furniture settings, modify the floor plans, or check the view from innumerable angles.
3. Collaborative Virtual Meetings And Presentations
Collaborative Virtual meetings are a method of communication that is technologically mediated and can facilitate engagement in remote and hybrid places. This simply means that customers from all over the world can view the property and interact with the real estate agency to make a purchase through these meetings and presentations. With the assistance of VR, you don’t even have to be in the same country in order to browse for property there.
Here’s an example of how Virtual Reality has eased campus visits for students, especially for those geographically challenged to explore the various educational options offered by universities.
3D Configuration In Real Estate
Real estate prices across the world are skyrocketing, and people can’t afford to spend extra money on renovations after a building is raised. If purchasing the right property is challenging, constructing a building that meets all your needs is a bigger headache, but with the help of 3D Collaborative tools, this process becomes seamlessly easy.
3D visualization tools can assist users in designing digital buildings while displaying and configuring them in real time with photorealistic detail.
Benefits of 3D Configurations In Real Estate
1. Customization And Personalization Of Properties
3D Configurators help clients personalize their environment to meet their specific needs and keep the agency more customer-centric. It allows customers to select from a range of customizable options such as flooring, furniture, colors, lighting, and exterior views. 3D configurations are essentially a way to let customers personalize property to their specifications. Enabling 3D views of construction sites and updated reports even before construction starts saves time and money.
2. Real-time Pricing And Cost Estimates
Detailed 3D configuring can make justifying prices, placing quotes, and ultimately selling property much easier. The 3D configuration also provides clients with a detailed view of a property, enabling them to understand the features and aspects that drive its true value. It gives an overall understanding of special features such as underground parking, nearby schools, fancy landscapes, and more.
3. Designing And Visualizing Floor Plans
When you use 3D Configurators your project can be displayed in astonishing detail at any stage of construction. Customers can learn and see everything involved in the project and even take virtual tours around the property. They can visualize the floor plans, project specifications, materials, and much more. 3D visualization allows users to witness photorealistic imagery and enhance the elegance of the property on sale, including its interior and exterior views. Enabling 3D visualization models of real-estate designs helps get a clear idea of what the comp[leted project will look like.
Integration And Synergy Of AR, VR, And 3D Configuration
Integration is the combination of various elements to form an efficient system and synergy is formed when multiple systems work together towards a shared goal. When it comes to the above-discussed technologies, the synergy they form together is powerful and has left a strong indentation on the real estate industry.
1. Combined Applications And Benefits Of AR, VR, And 3D Configuration:
There are innumerable benefits of AR, VR, and 3D configurations in the real estate industry, such as – familiarity with the property, objective evaluation of the plot, high level of attention to detail, widening global opportunities, and a great marketing tool.
2. Enhanced Customer Experience And Engagement Through Integration:
As seen above, all three of these technologies have several strengths on their own, and when integrated, they form a mighty force. This powerful experience is the path to great customer experience and interactions, ultimately leading to increased profits.
3. Common Challenges Faced In Implementing AR, VR, And 3D Configuration For Real Estate Businesses:
Just as any new development would, even this integrated solution has its fair share of challenges: Cost of implementation, tossing agents out of employment, and the need to educate employees about the management of new technologies.
How Fingent Can Help
Today’s tech-savvy customers demand prompt responses, service efficiency, and enhanced experiences. To match up with the rising customer demands, Real Estate companies have no option but to adopt modern technology. AR, VR, and 3D Web Configurators are a few modern technologies enabling the Real Estate industry to create new paths of success opportunities. Fingent’s expertise in the domain has enabled many companies in real estate to innovate for better operations. Our experts use the latest technology to develop custom software solutions that cater specifically to unique property management challenges. Connect with our experts today to learn more about how we can help transform your property management business with custom-built technology solutions.
The property sector in the United States came to a crashing halt in March 2020, when the first wave of COVID-19 hit the nation. Mortgage rates dropped by 34%, affecting home buying and selling plans. Retail vacancy rates spiked up to 20% and commercial property loan delinquency rates soared up to 11.49% in Q2 of 2020. Months of shutdowns, social distancing regulations, traveling curbs, stay-at-home mandates, remote working, online shopping, and home delivery led to a drastic decline in occupancy rates and rents. People shifted their working spaces from office to home which slashed the demand for commercial rental spaces. The liberty to “work from anywhere” triggered a mass exodus from expensive urban areas to affordable suburbs and rural areas, lowering home value growth in metros.
All these challenges forced the property sector into urgent changes. Along with reconciling fiscal and monetary policies, real estate leaders must capitalize on property management technologies – specifically automation – to recover and rake in profits. Bitwise Industries observes that “the immediate need for innovation and automation is now a necessity to not only survive but to truly thrive in the real estate industry.”
Read more: What’s in Store for Real Estate This 2022
How does automation help a highly fragmented industry like real estate to manage multiple operations in one place and sync a horde of activities?
Automation in Real Estate: Fostering “All in One Place – All in Sync”
McKinsey’s survey identifies that automation and remodeling of work processes enable businesses to control costs and mitigate uncertainty during recessions. A real estate firm needs to efficiently coordinate multiple business functions such as managing buyers, sellers, and properties, contracting and leasing functions, property listing and tracking, finance and accounting, and so on. Automation helps sync and manage all these activities in one place. Here’re the top five real estate processes that can benefit from automation:
1. Optimize internal workflows
Automating internal workflows improves your team’s productivity. Having a well-synced project management system with up-to-date dashboards, real-time analytics, and reports, automated document flow, task reminders, deadline notifications, meeting schedulers, etc. can save your workforce’s time and improve their focus on value-adding functions.
2. Enhancing customer journey
Custom real estate software and integrated PropTech solutions allow customers to create, view and modify personalized wish lists, look up and find property information, and filter details based on different criteria. Realtors can leverage Virtual Reality techniques to improve customer experience by offering virtual tours, 360-degree property views, and 3D site plans. Integrating mortgage calculators, neighborhood descriptions, and an easy ordering process enables customers to buy, sell, or rent properties easily.
Read more: How Virtual Reality Can Transform Real Estate Operations
3. Improve sales and marketing processes
Real estate marketers and salespersons can leverage automation to sync all their leads in one place, access lead information anytime on their phone, create custom client lists, save time with lead routing, automate drip email campaigns, set up activity-based email workflows, keep track of previous interactions, and send out reminders and updates to clients on time. All these lead to higher conversion rates.
4. Manage invoices and finances
Manual invoicing and payment processes consume your team’s valuable time and affect your organization’s scalability. Automated, all-in-one property management software allows you to centralize, oversee, and streamline the payment process without any paperwork. Automating financial management improves your processes with customers, partners, and suppliers. You can easily track orders, gain approvals, send notifications, and obtain real-time visibility into each transaction using the real estate management software.
5. Carryout field and property inspections
Leading property inspection software offers customizable templates and checklists for property managers, field inspectors, site auditors, and clients to schedule inspections, record on-site data, and auto-generate reports. Automating the whole inspection process reduces both manual errors and report submission time. This helps find out the quality and condition of a property (home), secure governmental approvals quickly, and fix the best price for the listed property.
Benefits of Real Estate Automation: A Quick Recap
- Streamline workflows and back-office tasks
- Reduce tedious paper works and manual jobs
- Improve focus on value-adding functions
- Monitor property managers and personnel dispersed across various locations
- Implement innovative ways to showcase and market properties
- Process invoices and payments on time
- Improve customer service and attract more buyers
- Eliminate supplier management hurdles
How Fingent Enables Real Estate Companies to Leverage Automation and Digital Technologies
We help real estate companies and property managers to prepare for a digital, data-driven, and sustainable future. Our projects demonstrate the value we deliver to the real estate industry.
#1. Rentmoji, The All-in-one Property Management Platform
Inefficient communication systems, disconnected business segments, and poor customer experience failed to deliver the expected ROI to our customers. They needed a single platform that centralizes all the aspects of the property management life cycle. This resulted in the development of Rentmoji, an all-in-one property management suite that helps streamline and manage diverse operations in the industry.
Analyzing the challenges faced by different stakeholders in the real estate business, we automated key processes and implemented top-notch security solutions. Rentmoji now serves as a robust single-source property management solution for residential rental properties (Single-Family Rentals and Multi-Family Rentals), CAM, and HOA management.
- The company grew from 2 to 160 employees within two years of implementing the software
- Customized portals and integrations for tenants, owners, and vendors
- Structured lead management process and extensive syndication
- Enhanced speed-to-market with cloud capabilities and automation
#2. End-to-end CRE Transaction Platform
An investment brokerage firm in the United States was struggling to adapt to the changing Commercial Real Estate (CRE) market demands. They required an integrated solution that will offer them real-time visibility into the performance of property listings and visualize data insights for brokers and investors to make better decisions. To help them realize the benefits of data-backed decision-making, we created a modern net lease trading platform. It improved their CRE transactions and sales. The customer can now manage 10,000+ listings via the trading platform and track 1031 exchanges effectively. They also have access to reliable ROI metrics based on current and future trends.
- Predictive analytics matches properties to investors’ preferences and expectations
- Projected revenue charts and financial summaries help business analysts
- Place and manage offers on multiple listings and update them on the fly
- Brokers can use the application to easily demonstrate listings to prospective buyers
Fingent has also helped develop custom real estate software and PropTech solutions for leading real estate brands like SimpleRent, Easa Saleh Al Gurg Group LLC, and WRI Property Management.
Leveraging the Latest in PropTech to Navigate the New Normal
The global pandemic emphasized the need for all aspects of real estate to embrace technology. Buying software to merely run your operations remotely isn’t enough. Technology capabilities should allow you to generate value and respond swiftly in a pandemic-afflicted economy. 58% of real estate organizations struggle to integrate their legacy applications with innovative tech solutions. It exposes these businesses to major financial and operational impediments. Fingent custom software development experts aims to help such businesses by bridging their technology talent gaps and developing all-in-one, integrated, custom PropTech solutions.
Over the years the real estate market has witnessed a tremendous change in the way it runs the business. Intense market competition has compelled the real estate firms to rethink traditional strategies and innovate. Therefore, modern realtors are considering various real estate innovations as opportunities to build up their valuation.
One such innovation prevailing in the real estate market today is the concept of an amenity-packed mobile app. Applications connecting tenants with a pool of amenities are the latest makeover tools adopted by realtors. These apps are now the trending treats offered by real estate companies to retain their existing tenants and attract new ones.
Amenity Apps – The Next Big Thing In Real Estate Market
Recent reports have revealed that the vacancy rate of offices in New Jersey and Westchester County, has increased to 20%. Even the overall vacancy rates of Manhattan is above 8.5%, approximately. With such high vacancy rates in the most competitive real estate markets, realtors have realized the need to adopt differentiated strategies to retain tenants. Hence, realtors are now stepping out of their specialty to foster services beyond the boundaries of property business. The most innovative approach through which builders are now keeping their buildings 100% leased is by introducing amenities.
Why Amenity Apps?
In today’s world where competition is at its peak, workers often fail to maintain a work-life balance. While striving to beat the nerve-racking competition of the modern world, employees are missing out on the necessary routines of life. Regular exercises, health checkups, haircuts, laundry or even picking up a meal becomes a hassle when work is tough.
Realizing these challenging situations of today’s workforce, some prominent realtors like Tishman Speyer and Sterling Bay, created amenity apps for their employees in New York. These apps are helping the workers to achieve a balance between personal and professional life. With these apps, property builders are extending their services to bring in amenities to the doorsteps of their customers.
Life hacks provided through prompt mediums like mobile and tablets are making buildings more attractive for tenants to stick on. Extending real estate services to provide better lives for tenants are not only upgrading the value of buildings but are also turning office markets to service businesses.
Related Reading: How Top Real Estate Companies Leverage Technology to Soar New Heights.
How To Woo Tenants With The Perfect Amenity App?
With amenity apps creating a hue in the real estate market, property builders are striving to introduce spellbinding services through innovation. Office landlords and building owners are integrating technology with small-scale businesses to woo their tenants. But to create an impact in the market, it is necessary to load these amenity apps with captivating features. To help realtors deduce the best amenities for their apps, here’s a short list of the popular ones that are boosting the customer retention rates for some leading real estate enterprises. While food services have already become the baseline of several amenity service apps, few other amenity types are also achieving an eminent position.
Health & Fitness
With healthcare activities gaining popularity among the current young workforce, several real estate firms are loading their amenity apps with wellness services. On-suite fitness programs like massages, meditation, yoga, and other healthcare programs are the prominent features of multiple amenity apps. hOm introduced by the Brookfield Property Partners is one such innovative example of technology-packed amenity provider that offers unique fitness events to create healthy communities.
Closer Communities
Leading real estate providers are trying their best to create active and lively communities. Lack of time and rush life often makes it difficult for residents to engage well with their neighborhood. With a motive to diminish such hostility and create more engaging communities, property builders are now incorporating emerging technologies to implement amenities that bring people together. Services like group discussions, ride sharing, community meetings, travel management, human resource services, etc. are attractive features of amenity apps.
Access to Building Amenities
Gated communities often extend a wide range of amenities for their residents. Generally, these amenities are offered through common communication channels like emails and telephones, which makes it difficult for residents to reach them. Hence, property owners are now featuring portals to bring these building services closer to tenants. Recently Silverstein Properties introduced the Residential Community App which allows tenants to access rent payments, tenant referrals, community and neighborhood maps, shuttle services, discounts, offers and much more through their smartphones and tablets.
Eco-Friendly Environment
With the increased concern of protecting nature, property owners are now focusing on amenities that serve both tenants and nature. The SL Green Realty Corp., initiated a suite called SL Living Green that connects residents with group discussions, educational talks, recycling projects, eco-friendly waste disposal schemes, etc. to enhance their wellness and style of living. These amenity features allow tenants to feel responsible towards nature which attains them a unique experience.
Other Popular Amenities
Few other personal styling and emergency medical care amenities are popularizing among tenants. Medical aids like backup child care, health screening, drug delivery etc are some of the highly accepted medical features of amenity apps. Also, few real estate firms are designing their amenity apps to deliver styling amenities like blowouts and manicures, shoe shining, hair styling etc. to desired locations.
Related Reading: Self Showing App, an IoT application built by Fingent streamlines the complete inspection and leasing procedures of real estate firms. Find more in the case study here.
How Are Real Estate Amenity Apps Winning Hearts In New York?
Isolated lives of metropolitans have marred the quality of life. The struggles to socialize, stay fit and even to groom well, are becoming the increased concern of the modern generation. Hence, the leading real estate firms are empowering their amenity apps with services to sort these hassles of the modern world. One such enterprise is Tishman Speyer, who has integrated technology with small-scale services to create unique experiences for its tenants.
Tishman Speyer, a diversified real estate firm operating properties of worth $89 billion, including the iconic Rockefeller Center in Manhattan, rolled out an app called Zo. The Zo. app is winning hearts in New York, by exclusively connecting its employees to an unparalleled collection of services. They offer exclusive deals which include wellness programs, social and interest group gatherings, backup childcare, on-site health screening, and medical services, dry cleaning pick up and delivery, personal styling, individual meal delivery, catering, and much more. These services are enhancing the living standards of Tishman workers and tenants by creating a hassle-free work environment for them.
Another leading real estate developer in New York, entering the emerging war of landlord amenities is Sterling Bay. They have introduced their own app offering expanded eye-catching amenities for their workers.
Extreme competition in the real estate market is determining the growth of property businesses on the basis of the number of people in it and not by the square footage. More than magnificent buildings, residents are now attracted to communities that deliver unique and lively environment. Tenants prefer buildings that provide amenities through advanced technology channels that enhance the living experience. Incorporating smarter technologies and utilizing real estate software, is emerging to be an essential ingredient in real estate business today.
With emerging technologies transforming communities, the real estate market is witnessing a new era of property services beyond bricks and mortar.
Related Reading: A Property Management Software can be a boon for real estate managers if adopted the right one. Find the secrets of finding the right property management software here.
Read More: Mobile App Development : 4 Tips To Consider
The real estate industry has traditionally been a technology laggard, with antiquated systems, ad-hoc processes and manual documentation ruling the roost. However, things are changing, with innovation and tech disruption set to change the fundamental paradigms of the real estate sector.
Can real estate technology advances actually predict property prices?
Leveraging Machine Learning Algorithms to Predict Real Estate Property Prices
Smart purchasers and investors look at the value of the property rather than the price. Just as the price of a stock denotes nothing about its inherent value, and one needs to delve into the PE and other ratios to estimate the value of the stock, the price of a property says little about its actual worth, and one has to dig into the underlying data to get to the true worth of a property.
The opacity and lack of access to underlying information surrounding property hitherto inhibited a proper and objective analysis of the true worth of property. Often, the only information available to the stakeholders is the prices at which previous properties of a similar nature, in the same locality were sold. As such, the asking price for properties has always been subjective, depending on what the seller thinks the property is worth, with a loose estimate of the prices other properties have sold in the locality and other subjective insights constituting the basis for asking price.
However, things are changing, and changing fast. Real estate data sets are growing larger and larger with every passing day, every single day, thanks to the ever-improving computing power and cloud storage capabilities. Smart retailers and other stakeholders have already deployed several new tools and services that leverage such data, and many more tools and services are in the offing.
The National Association of Realtors estimates about 42% of buyers looking at property online as the first step in their home buying process. Most of them now delve into further details, such as the crime rates in the neighborhood, availability of public transit, the profile of local businesses such as gyms, groceries, restaurants, and several other factors.
It gets better. Machine learning now infuses objectivity and transparency in property pricing, besides promising a scientific basis into price fixation of property.
Machine learning models, comprising of hundreds of explanatory variables, offer insights into almost every aspect of a specific property, to a very a high level of accuracy and objectivity. Such models scour through piles of data and are capable of not just identifying an accurate price for the property, but also identifying hidden gems among the swathes of properties available for sale. Buyers and may use such insights to quote a fair and accurate price for the property, Sellers may likewise quote a fair price and sell their property faster, without the risk of under-selling themselves. Banks and financial institutions may use the insights to offer loans based on the predicted future value.
Related Reading: How Top Real Estate Companies Leverage Technology to Soar New Heights.
Identifying Correlated Variables
Home buyers and investors often end up making unscientific comparison among two properties and are often deluded by a lesser price for a property, oblivious to the far inferior value on offer.
While the obvious variables such as the number of bedrooms and square foot area may be obvious and explicit, some variables remain hidden or not too obvious.
Some variables are also closely correlated with others. Some pairs, correlated by nature, such as “Basement finished area” and “Basement unfinished Area,” and other pairs, correlated by deduction, such as “Overall condition” and “Year built” help to identify the true worth of a property relative to the asking price.
Machine learning models not only factor in such variables but also give proper weight to each variable. For instance, two homes may seem similar while considering the obvious variables, but property A may offer far better value owing to the superior quality of plumbing materials used in construction and availability of groundwater compared to property B.
Related Reading: Find how Fingent developed a customized solution to streamline all the processes in a property management life cycle. Check out the case study – Rentmoji: All-In-One Property Management Platform.
Unearthing Seasonal factors
Seasonality has an impact on property prices, but the impact may be subtle or hidden. Crunching historical data makes explicit trends in sales prices associated with seasons. For instance, sales may be more surfing summer months, when the new school year starts, leading to a spike in prices. Such seasonal prices help property investors leverage their buys, property sellers price their property more accurately, or postpone their sell for a few months to get a better price, and more.
Related Infographic: Major Challenges of Big Data in The Real Estate Industry
Identifying the True Value of Extraneous Factors
Buyers always consider the neighborhood of the property, in terms of crime rates, the quality of grocery shops in the vicinity, the proximity of schools, and other factors. However, such analysis is often done ad-hoc, and on a generic basis. The “devil” in the detail may often be overlooked. Machine learning models factor in the extraneous factors at a much deeper level, correlating factors such as frequency of power cuts in the locality, unemployment in the locality, frequency of transportation links, school ratings and more, all of which not only offer an objective and scientific basis on the true worth of the property, but also have an immediate bearing on the property prices.
However, the true value of machine learning is the ability to derive valuable trends and insights from the data. For instance, analysis of police arrests and the chemical compounds in sewers indicate the use of crack cocaine, indicating that gentrification could soon arrive. When the crack is replaced by cocaine, it may indicate that gentrification may already be complete. Such insights may not be available at plain sight and may be impossible to decipher without the analysis of such underlying data.
While real estate technology now makes it easy to predict property prices with a high level of accuracy and objectivity, the challenge is creating the underlying data models in a robust way. The machine learning system is only as good as the algorithm which powers it. Success depends on creating linear models, co-opting all possible categorical variables and historical data associated with each variable.
Related Reading: Read through to find how trending technology is disrupting the real estate industry.