Abstract
The real estate industry relies heavily on accurately predicting the price of a house based on numerous factors such as size, location, amenities, and season. In this study, we explore the use of machine learning techniques for predicting house prices by considering both visual cues and estate attributes. We collected a dataset (REPD-3000) of 3000 houses across 74 cities in the USA and annotated 14 estate attributes and five visual images for each house's exterior, interior-living room, kitchen, bedroom, and bathroom. We extracted features from the input images using convolutional neural network (CNN) and fed them along with the estate attributes into a multi-kernel deep learning regression model to predict the house price. Our model outperformed baseline models in extensive experiments, achieving the best result with a mean absolute error (MAE) of 16.60. We compared our model with a multi-kernel support vector regression and analyzed the impact of incorporating individual feature sets. In future, we plan to address class imbalance by having the same number of houses in each class and explore feature engineering for improving the model's performance.
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09 November 2024
A Correction to this paper has been published: https://doi.org/10.1007/s00138-024-01627-y
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This research was supported by the National Science Foundation (NSF) under Grant 2025234 and UD/UDRI Research Fellowship Program.
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Yousif, A., Baraheem, S., Vaddi, S.S. et al. Real estate pricing prediction via textual and visual features. Machine Vision and Applications 34, 126 (2023). https://doi.org/10.1007/s00138-023-01464-5
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DOI: https://doi.org/10.1007/s00138-023-01464-5