00:00Here's everything AI is doing in real estate and construction in two minutes.
00:04Property Valuation First
00:06House Canary's automated valuation model achieves a 2.8% median absolute error, industry leading.
00:13A Melbourne study tested AI against actual market transactions.
00:17One and two bedroom properties valued within the actual range 100% of the time.
00:23AI valuations that cost pennies to run at scale are replacing appraisals that cost hundreds of dollars each.
00:29Generative Design
00:30TestFit's AI generates hundreds of compliant design layouts in seconds.
00:35Customers report two to three times more design iterations while saving over nine hours per feasibility study.
00:41The economics of early stage design have changed.
00:44Developers assess sites that previously weren't worth the cost of evaluation.
00:49Construction Safety
00:50AI Computer Vision monitors every zone of a construction site in real time,
00:54detecting missing PPE, unsafe equipment proximity, exclusion zone violations, structural hazards.
01:01The result?
01:0240% reduction in safety protocol violations.
01:06Every percentage point of that reduction is a worker who didn't get hurt.
01:10Investment Analytics
01:11AI predicts neighborhood price trajectories, rental yield trends, and climate risk at the property level,
01:17giving investors information that was previously available only to the most sophisticated institutional players.
01:23The catch?
01:24Automated valuation models trained on historical data reproduce historical discrimination.
01:30Properties in minority neighborhoods are systematically undervalued by AVMS,
01:35trained on decades of discriminatory lending.
01:38The CFPB now requires bias testing before AVMS can be used in mortgage decisions.
01:43Morgan Stanley
01:44AI can automate 37% of real estate tasks.
01:48$34 billion in efficiencies by 2030.
01:51The opportunity is enormous.
01:54The responsibility to use it fairly is equally enormous.
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