Although Offrs.com is primarily applying its predictive analytics to disrupt access to future housing inventory on a transaction-by- transaction basis, the model could eventually disrupt real estate housing inventory on a macro basis, according to Swier. “We are predicting the single transaction, and by predicting the single transaction we are also predicting the broader market,” he said. “This will be a living a breathing machine … and that will impact the way people will look at the market.
“The long tail of predictive analytics is this is really going to drive the entire industry,” Swier continued, noting that while predictive analytics is newer to real estate, it’s long been used in other industries. “The entirety of how these hedge funds drive everything based on quants … it’s computers doing the trading … and this is going to spill over into the real estate market.”
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