AI in Real Estate Finance
The odd one out: unique homes sell for more and take only slightly longer (Journal of Housing Research, 2022)
Summary of The Odd One Out? The Impact of Property Uniqueness on Selling Time and Selling Price, with Thomas M. Springer. Machine-learning measures of uniqueness from listing text show that a one-standard-deviation increase in market uniqueness raises sale prices by 13 percent ($48,490) while delaying sale by 1.7 days; universal uniqueness raises prices 11 percent ($41,030) at a 3-day delay.