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The Slow Rise of AI in Real Estate Decision Making
Franco Faraudo
February 12, 2025
Propmodo Technology
By Franco Faraudo · February 12, 2024
Greetings,
The tech world remains captivated by AI's potential, even as DeepSeek, a Chinese AI developer, recently unveiled a bootstrapped LLM breakthrough that raises questions about AI company valuations. In real estate, AI is already being used for tasks like writing listings and communicating with tenants. But, when it comes to valuing and underwriting properties, humans still hold the reins. Today, we explore why AI has yet to replace appraisers, analysts, and acquisition teams.
Let’s go!
Bytes
🛑 Unapproved Proving Ground
One of Trump’s executive actions included canceling the GSA’s Green Proving Ground, a program designed to evaluate green building technology that has already saved the government an estimated $28 million annually..
🙋♂️ Zesty class action
A class action lawsuit has been opened against Zillow for the company’s practice of allowing multiple people to list the same property while only displaying the most recent one.
⛓️💥 Slumchain
A token-based real estate investment company that owns around 1,200 housing units in Detroit has has come under fire for poor housing conditions.
Perspectives
Overheard
GSA is pushing aggressive cuts to personnel, real estate and contracts in pursuit of its -50% spending goal. According to folks inside the building, agency leaders are now signaling they may need to slow workforce reduction efforts, “because they’re losing too many key people."
— Jory Heckman (@jheckmanWFED)
3:28 PM • Feb 12, 2025
More Propmodo Technology
Propmodo Technology is edited by Franco Faraudo with contributions from readers like you and the Propmodo team.
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