UBCO researchers create real estate market assessment tool

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New UBCO research can help decision-makers in the real estate industry forecast future regional house prices and better explain pricing.

A group of UBC Okanagan researchers is trying to take the mathematical mystery out of what could be a person’s biggest investment—buying a home.

While the real estate market changes rapidly and is connected to the fluctuations of the economy, there are many other considerations to make when purchasing a property, says UBCO School of Engineering Professor Zheng Liu.

Dr. Liu and his doctoral student Junchi Bin, along with Faculty of Management Associate Professor Eric Li, have created a regional house price mining and forecasting framework (RHPMF) and recently published research that tests the tool they created.

Read the full story here: UBC Okanagan News