A Multi-Modal Deep Learning Based Approach for House Price Prediction
<|reference_start|>A Multi-Modal Deep Learning Based Approach for House Price Prediction: Accurate prediction of house price, a vital aspect of the residential real estate sector, is of substantial interest for a wide range of stakeholders. However, predicting house prices is a complex task due to the significant variability influenced by factors such as house features, location, neighborhood, and many others. Despite numerous attempts utilizing a wide array of algorithms, including recent deep learning techniques, to predict house prices accurately, existing approaches have fallen short of considering a wide range of factors such as textual and visual features. This paper addresses this gap by comprehensively incorporating attributes, such as features, textual descriptions, geo-spatial neighborhood, and house images, typically showcased in real estate listings in a house price prediction system. Specifically, we propose a multi-modal deep learning approach that leverages different types of data to learn more accurate representation of the house. In particular, we learn a joint embedding of raw house attributes, geo-spatial neighborhood, and most importantly from textual description and images representing the house; and finally use a downstream regression model to predict the house price from this jointly learned embedding vector. Our experimental results with a real-world dataset show that the text embedding of the house advertisement description and image embedding of the house pictures in addition to raw attributes and geo-spatial embedding, can significantly improve the house price prediction accuracy. The relevant source code and dataset are publicly accessible at the following URL: https://github.com/4P0N/mhpp<|reference_end|>
@article{hasan2024a,
    title={A Multi-Modal Deep Learning Based Approach for House Price Prediction},
    author={Md Hasebul Hasan, Md Abid Jahan, Mohammed Eunus Ali, Yuan-Fang Li and
  Timos Sellis},
    journal={arXiv preprint arXiv:2409.05335},
    year={2024},
    archivePrefix={arXiv},
    eprint={2409.05335},
    primaryClass={cs.LG cs.AI cs.CV}
}