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Real Estate - Predicting Future Sale Prices - Coggle Diagram
Real Estate - Predicting Future Sale Prices
Historical Sales Data
Past Sales Prices
Time series analysis
Market trends
Sales Volume
Number of transactions
Seasonal trends
Geographical Data
Location-based trends
Neighborhood analysis
Property Features
Physical Attributes
Size (square footage)
Number of bedrooms
Number of bathrooms
Age of the property
Renovations and upgrades
Structural Attributes
Type of property (single-family, condo, townhouse)
Architectural style
Building materials
External Factors
Economic Indicators
Interest rates
Employment rates
Inflation
Market Conditions
Supply and demand dynamics
Competition analysis
Government Policies
Competition analysis
Zoning laws
Subsidies
Data Collection and Processing
Data Sources
Real estate databases (e.g., MLS)
Government records
Property registries
Data Cleaning
Handling missing data
Data normalization
Data Integration
Combining multiple datasets
Ensuring data consistency
Predictive Modeling
Machine Learning Algorithms
Regression analysis (linear, polynomial)
Decision trees
Random forests
Neural networks
Feature Engineering
Selecting relevant features
Creating new features
Model Evaluation
Cross-validation
Performance metrics (RMSE, MAE)
Implementation
Software Tools
Programming languages (Python, R)
Libraries (Scikit-learn, TensorFlow)
Data visualization tools (Matplotlib, Seaborn)
Deployment
Creating APIs
Integrating with real estate platforms