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Zillow taps AI to improve its home value estimates

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Online real estate search service Zillow has updated its algorithm to more accurately estimate the price of homes on the site. It’s called a neural network and it employs artificial intelligence that officials say will reduce price estimate errors by 11.5% for off-market homes in nearly 30 U.S. regions, according to Wired.

Zillow previously determined home values using nearly 1,000 variations of algorithms derived for local markets.

Read more from Wired. 

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