SAN FRANCISCO (BUSINESS WIRE) -- July 24, 2024
HouseCanary, Inc. (“HouseCanary”), a national brokerage known for its innovation and accuracy of real estate information, today announced the beta launch of CanaryAI, a conversational AI tool designed to chat with anyone who may have questions about the real estate space and enable them to quickly and easily query HouseCanary’s industry-leading data and analytics platform to answer their toughest real estate questions.
Historically, navigating the complexities of the $40 trillion U.S. real estate market has been dependent on aggregating disparate data sources, including public record data, county assessor data, AVMs, market forecasts, historical home sale data, rental yields, and comparable property data. Gaining access to and compiling this data can be challenging, costly, and time-consuming. Even with access to the data, finding the resources required to process and integrate it into daily operations can prove difficult, if not impossible.
CanaryAI solves these challenges by bringing together the most comprehensive, accurate and up-to-date information on more than 136 million US residential properties with a conversational chatbot that enables anyone to ask questions easily and get the answers they need quickly.
“Having spent decades in the real estate industry, I have first-hand experience spending hundreds of hours trying to gather data and analyze it to eventually come to informed decisions,” said Jeremy Sicklick, Co-Founder and CEO of HouseCanary. “With CanaryAI, we believe that we have created a completely new paradigm for how real estate professionals search for and find answers to any real estate question they may have. We’re thrilled to be partnering in this launch with some of the top technology companies in the world, which have enthusiastically supported our unique approach to solving this challenge on behalf of our customers.”
For the first time ever in real estate, anyone can input a question, refine their query, and obtain an actionable answer in seconds. At launch, CanaryAI can assist in identifying properties that meet specific investment criteria, pinpoint comparable properties, analyze and compare market trends, among other tasks.
“At HouseCanary, we recognize that there is much more to be done to open up access to analytics and insights in our industry. Our goal is to put the information real estate professionals need at their fingertips,” said Ketan Bhalla, Senior Vice President of Product. “CanaryAI is a one-stop shop product that will help our customers become more efficient and ultimately usher in a future where every real estate question is answered instantaneously.”
HouseCanary is launching CanaryAI in beta with a waitlist to join, which will transition into a premium offering later in the year. HouseCanary intends to continuously innovate on CanaryAI, incorporating new data sets and expanding the queries it can support based on customer feedback and needs. To join the waitlist and sign up for a free trial today, please visit https://info.housecanary.com/canary-ai-launch.
Founded in 2013, national real estate brokerage HouseCanary empowers consumers, financial institutions, investors, and mortgage lenders, with industry-leading services including valuations, forecasts, and transactions. These clients trust HouseCanary to fuel acquisition, underwriting, portfolio management, and more. Learn more at www.housecanary.com.
Longacre Square PartnersCasie Connolly / Aliah Aquinohousecanary@longacresquare.com
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