A Multi-modal Attention-based Seq2eq Model for Predicting Real-estate Prices

Abstract

Some studies show that the closure and reopening orders brought by covid-19 have had a negative impact on the residential real estate market. Generally speaking, real estate sales decreased significantly during this period, such as office buildings, shopping centers and family houses. Although the overall situation is declining, there are also some new situations. For example, people's desire for spacious family space caused by home office leads to an increase in the demand for large houses in the suburbs. This paper mainly compares the sales differences between suburban family houses and urban family houses in San Francisco and New York in the real estate market during covid-19. The data come from multiple dimensions such as house listing price on the real estate sales website, Machine learning methods could be used for analysis. This paper proposed a multi-modal joint attention seq2seq method to analyze these differences and the reasons for the differences. The experimental results show that one of the possible reasons the house price change in San Francisco is that there are more high-tech job position and their family income is higher than the average level of other regions.