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The AI tool is designed to assist users with real estate inquiries by providing access to HouseCanary’s extensive data and analytics platform
July 29, 2024 | Staff Reporter | USA | PropTech
HouseCanary, Inc., a national brokerage recognized for its innovation and accurate real estate information, has launched the beta version of CanaryAI. This AI tool is designed to assist users with real estate inquiries by providing access to HouseCanary’s extensive data and analytics platform. Navigating the complexities of the $40 trillion US real estate market traditionally involves gathering data from various sources, such as public records, county assessor data, AVMs, market forecasts, historical home sales, rental yields, and comparable property data. This process is often challenging, expensive, and time-consuming. Even with access to data, integrating it into daily operations can be difficult.
CanaryAI addresses these issues by combining comprehensive, accurate, and current information on over 136 million US residential properties with a conversational chatbot. This tool allows users to easily ask questions and receive quick answers.
Having spent decades in the real estate industry, I understand the challenge of gathering and analyzing data to make informed decisions. CanaryAI creates a new paradigm for real estate professionals to find answers to their questions efficiently. We are excited to partner with leading technology companies who support our unique approach to this challenge.
Jeremy Sicklick, Co-Founder and CEO of HouseCanary
CanaryAI allows users to input queries, refine them, and obtain actionable answers within seconds. The tool can identify properties that meet specific investment criteria, find comparable properties, and analyze market trends, among other functions. Jeremy Sicklick, Co-Founder and CEO of HouseCanary, stated, “Having spent decades in the real estate industry, I understand the challenge of gathering and analyzing data to make informed decisions. CanaryAI creates a new paradigm for real estate professionals to find answers to their questions efficiently. We are excited to partner with leading technology companies who support our unique approach to this challenge”
Ketan Bhalla, Senior Vice President of Product, commented, “HouseCanary aims to enhance access to analytics and insights in the real estate industry. CanaryAI provides real estate professionals with the necessary information at their fingertips, making them more efficient and paving the way for a future where every real estate question is answered instantaneously.”
CanaryAI is currently available in beta with a waitlist to join, transitioning to a premium service later this year. HouseCanary plans to continuously update CanaryAI, adding new data sets and expanding its capabilities based on customer feedback.
