Estimation of the Investability of Real Estate Properties through Text Analysis

Moloud Shahbazi, Joseph Barr, Vagelis Hristidis, Narayanan Nani Srinivasan

Research output: Chapter in Book/Report/Conference proceedingConference Paper published in Proceedingspeer-review

Abstract

The Multiple Listing Service, commonly known as the MLS, is the singularly most important database where real estate agents and brokers list real estate properties for sale. It is common that agents include textual comments pertinent to the property. Although the information content of comments varies, it is usually expressed in good faith and in many cases is helpful in shedding light on the overall condition and the value of the property. Therefore, it seems reasonable that semantic text analysis would be useful to evaluate properties, or aspects thereof. As far as we're aware of, no methodology to effectively extract insight from the MLS textual portion exists. In this paper we demonstrate how textual descriptions may be exploited for property ranking. The proposed methodology, which combines supervised and unsupervised methods, identifies domain-specific concepts and combines their contributions to assign a score to a listing. We evaluate the proposed methods using both human evaluators and data-driven evaluation metrics on real datasets (complied from actual listings), and compare them to baseline approaches.
Original languageEnglish
Title of host publication2016 IEEE Tenth International Conference on Semantic Computing (ICSC)
Place of PublicationUSA
PublisherIEEE, Institute of Electrical and Electronics Engineers
Pages301-306
Number of pages6
DOIs
Publication statusPublished - 2016
Externally publishedYes
Event2016 IEEE Tenth International Conference on Semantic Computing (ICSC) - The Hills Hotel 25205 La Paz Rd, CA, United States
Duration: 4 Feb 20166 Feb 2016
Conference number: 36992
https://www.ieee.org/conferences_events/conferences/conferencedetails/index.html?Conf_ID=36992

Conference

Conference2016 IEEE Tenth International Conference on Semantic Computing (ICSC)
Country/TerritoryUnited States
City CA
Period4/02/166/02/16
Internet address

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