Big data has changed many aspects of our lives, but the real estate market has remained relatively undisturbed. Now a group of companies are looking to leverage big data and machine learning tech to upend the process of buying and selling real estate.
One company using big data tech to streaming real estate transactions is Landis, which has developed a market-making platform that’s designed to match institutional buyers (primarily in New York City) with residential property owners (primarily in the Midwest). Figuring out which houses to bid on is a time-consuming, largely manual effort, says Landis co-founder Cyril Berdugo, who previously was head of acquisitions for a large institutional real estate investor called Crown Acquisitions in New York.
Author: Alex Woodie