Why Predictive Real-Estate AI Is Not Yet as Accurate as Buyers Expect
Hockridge says PropertyRadar sees some increased foreclosure activity, but not at the volume many people expect and not at 2008 levels. He is also cautious about predictive tools: they have some accuracy, but the technology has not matured enough to meet common expectations.
- Some areas show increased foreclosure activity
- The observed volume remains below widespread expectations
- Hockridge does not currently expect a return to 2008 conditions
- Predictive tools are useful only to a degree
- Their maturity and accuracy still fall short of expectations
“there are areas that seem to you know um start getting more attaction there or starting see more activity but it still is not like…”