Real Estate Price Prediction on GenerativeLanguage Models

Yun Zhao, Girja Chetty, Dat Tran

    Research output: A Conference proceeding or a Chapter in BookConference contributionpeer-review

    4 Citations (Scopus)

    Abstract

    Real estate prediction is an important field of study that can assist home sellers and property investors in making informed decisions to maximize their profits. However, predicting real estate prices presents a significant challenge in the temporal dimension because house prices fluctuate over time in response to market dynamics and are influenced by a complex array of factors, such as location, quality of the house and so on. This paper focuses on leveraging the power of transformer-based language models and self-attentions for real estate house price prediction. The Transformer architecture is well-known for its ability to understand the relationships between words or tokens in a sequence of human language and process the entire sequence in parallel, enabling more efficient and scalable computations. Our study explores the fine-tuning of attention mechanisms and output hidden states from Transformer-based models, comparing their performance against baseline models. Through our experimentation and analysis, the results demonstrate that the transformer-based attention models outperform the baseline models for real estate price prediction. We also discovered that utilizing self-attentions from unsupervised text learning can enhance the accuracy of real estate price prediction.

    Original languageEnglish
    Title of host publicationProceedings of the 2023 IEEE Asia-Pacific Conference on Computer Science and Data Engineering, CSDE 2023
    Place of PublicationUnited States
    PublisherIEEE, Institute of Electrical and Electronics Engineers
    Pages1-7
    Number of pages7
    ISBN (Electronic)9798350341072
    ISBN (Print)9798350341089
    DOIs
    Publication statusPublished - 2023
    Event2023 IEEE Asia-Pacific Conference on Computer Science and Data Engineering, CSDE 2023 - Nadi, Fiji
    Duration: 4 Dec 20236 Dec 2023

    Publication series

    NameProceedings of the 2023 IEEE Asia-Pacific Conference on Computer Science and Data Engineering, CSDE 2023

    Conference

    Conference2023 IEEE Asia-Pacific Conference on Computer Science and Data Engineering, CSDE 2023
    Country/TerritoryFiji
    CityNadi
    Period4/12/236/12/23

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