AI and Real Estate: Hype, Hope or Here Today?

When you see the letters AI, what do you think? What do you feel? For many, there's a natural reaction of "not quite sure" and for even some, a bit of fear.

As we enter the early days of the fourth Industrial Revolution, a new world of artificial intelligence and machine learning is being ushered in. Many new commercial iterations of AI have focused on service industries and trying to create applications where machines can provide consumers with a better service level than that historically provided by humans.

In this episode of the Gradually...Then, suddenly! podcast, listen in as industry executive and host Russ Cofano interviews John Berkowitz, Co-Founder and CEO of OJO Labs, a real estate AI company in Austin, Texas.

John provides his thoughts on the promise of AI in real estate and what OJO Labs is doing to help both consumers and agents get value out this new technology. Specifically, John describes a problem in home search where buyers are not quite ready to talk with a human early on, and solving that problem by providing them with meaningful assistance from a machine that eventually acts as a bridge to real estate agents.

Tune in to the podcast now!

Russ Cofano is a thirty-year real estate industry veteran who has served in executive capacities in various industry sectors. Russ was President of eXp World Holdings, led Industry Relations for Realtor.com, and acted as Chief Executive Officer for the Missouri REALTORS. He is a noted author and speaker at industry events on data, technology and innovation in the brokerage industry.