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A Multi-Modal Deep Learning Based Approach for House Price Prediction

arXiv.org Artificial Intelligence

Accurate prediction of house price, a vital aspect of the residential real estate sector, is of substantial interest for a wide range of stakeholders. However, predicting house prices is a complex task due to the significant variability influenced by factors such as house features, location, neighborhood, and many others. Despite numerous attempts utilizing a wide array of algorithms, including recent deep learning techniques, to predict house prices accurately, existing approaches have fallen short of considering a wide range of factors such as textual and visual features. This paper addresses this gap by comprehensively incorporating attributes, such as features, textual descriptions, geo-spatial neighborhood, and house images, typically showcased in real estate listings in a house price prediction system. Specifically, we propose a multi-modal deep learning approach that leverages different types of data to learn more accurate representation of the house. In particular, we learn a joint embedding of raw house attributes, geo-spatial neighborhood, and most importantly from textual description and images representing the house; and finally use a downstream regression model to predict the house price from this jointly learned embedding vector. Our experimental results with a real-world dataset show that the text embedding of the house advertisement description and image embedding of the house pictures in addition to raw attributes and geo-spatial embedding, can significantly improve the house price prediction accuracy. The relevant source code and dataset are publicly accessible at the following URL: https://github.com/4P0N/mhpp


AI envisions the 'perfect' homes in 20 UK cities - from a pastel pink property in London to a Bond villain-style house in Portsmouth

Daily Mail - Science & tech

Whether it's a grand stately home or a futuristic apartment, we all have different ideas of what we think the'perfect home' looks like. Now, AI tool, Midjourney, has revealed what it envisions the perfect home looks like in 20 UK cities. 'The AI-generated representations of houses across the country are captivating,' said Kunle Barker, property expert and content creator for Grand Designs Live. 'They skilfully encapsulate the architectural heritage of various regions, the current state of homes, and, most importantly, envision their future possibilities.' Barbie fans rejoice - the perfect home in London is pastel pink, according to Midjourney. It's known for its industrial history, and that's certainly reflected in Manchester's perfect home. Barbie fans rejoice - the perfect home in London is pastel pink, according to Midjourney.


Want to Get in Deep About Deep Learning Without Tingling Your Head?

#artificialintelligence

Do you ever wonder how Google translates an entire web page into multiple languages within seconds? Or how does your phone gallery group images based on their locations? Deep learning comes with artificial intelligence as its subset. You can't take machine learning and deep learning as the same because both have some fundamental differences; Machine learning involves mathematical algorithms that teach machines how to interpolate into the future through data. For example, if you have features of a dog and a cat, you hand over this data to the algorithm.


Machine learning for Java developers, Part 2: Deploying your machine learning model

#artificialintelligence

My previous tutorial, "Machine Learning for Java developers," introduced setting up a machine learning algorithm and developing a prediction function in Java. I demonstrated the inner workings of a machine learning algorithm and walked through the process of developing and training a machine learning model. This tutorial picks up where that one left off. I'll show you how to set up a machine learning data pipeline, introduce a step-by-step process for taking your machine learning model from development into production, and briefly discuss technologies for deploying a trained machine learning model in a Java-based production environment. Deploying a machine learning model is a separate endeavor from developing one, often implemented by a different team.


Location-Centered House Price Prediction: A Multi-Task Learning Approach

arXiv.org Machine Learning

Accurate house prediction is of great significance to various real estate stakeholders such as house owners, buyers, investors, and agents. We propose a location-centered prediction framework that differs from existing work in terms of data profiling and prediction model. Regarding data profiling, we define and capture a fine-grained location profile powered by a diverse range of location data sources, such as transportation profile (e.g., distance to nearest train station), education profile (e.g., school zones and ranking), suburb profile based on census data, facility profile (e.g., nearby hospitals, supermarkets). Regarding the choice of prediction model, we observe that a variety of approaches either consider the entire house data for modeling, or split the entire data and model each partition independently. However, such modeling ignores the relatedness between partitions, and for all prediction scenarios, there may not be sufficient training samples per partition for the latter approach. We address this problem by conducting a careful study of exploiting the Multi-Task Learning (MTL) model. Specifically, we map the strategies for splitting the entire house data to the ways the tasks are defined in MTL, and each partition obtained is aligned with a task. Furthermore, we select specific MTL-based methods with different regularization terms to capture and exploit the relatedness between tasks. Based on real-world house transaction data collected in Melbourne, Australia. We design extensive experimental evaluations, and the results indicate a significant superiority of MTL-based methods over state-of-the-art approaches. Meanwhile, we conduct an in-depth analysis on the impact of task definitions and method selections in MTL on the prediction performance, and demonstrate that the impact of task definitions on prediction performance far exceeds that of method selections.