Data Science in Real Estate
Smart data analytics is giving real estate professionals and investors more insight into the factors impacting property value than ever before. From assessing risks to analyzing evolving trends, we’re now able to anticipate the success of a property more accurately thanks to the abundance of information available to us.
The MIT School of Architecture and Planning (MIT SA+P) Data Science in Real Estate online short course is the only class of its kind, and is designed to give you the foundational tools to predict and explain property performance. The program introduces you to the application of machine learning in the built environment while teaching you to use data science methods to identify and interpret patterns in order to analyze property risks and opportunities. You’ll also learn about the growing number of data resources used by real estate practitioners, which have been borrowed from a range of other sectors across the economy.
Led by director of the Real Estate Innovation Lab and Head of Research for DesignX Dr. Andrea Chegut, you’ll explore over the course of six weeks what it means to be a good data scientist from both a technical and ethical perspective as you gain the practical data science skills to make informed, data-driven investment decisions.Show more
What You’ll Learn
This online program integrates rich, interactive media such as videos, infographics, and e-learning activities, as well as didactic components such as downloadable course notes. There are also opportunities for collaborative learning through discussion forums. The following modules contribute to the holistic approach your learning path takes:
WELCOME TO YOUR ONLINE CAMPUS
You’ll be welcomed to the course and begin connecting with fellow participants, while exploring the navigation and tools of your Online Campus.
Be alerted to key milestones in the learning path, and review how your results will be calculated and distributed. You’ll be required to complete a participant profile, confirm your certificate delivery address, and submit a digital copy of your passport/identity document.
DATA SCIENCE AND MACHINE LEARNING PRINCIPLES
Understanding data science and machine learning concepts used in the built environment.
USING REAL ESTATE DATA
Learn how to prepare real-world data for analysis.
INITIAL INSIGHTS USING STATISTICS
Understand the value of quantifying and detecting patterns in data.
USING DATA SCIENCE TO ASK QUESTIONS
Discover relationships in data to explain and predict real estate data features and outcomes.
RELATIONSHIPS IN REAL ESTATE DATA
Understand relationships between outcomes and features using regression analysis.
FORECASTING IN REAL ESTATE
Discover how to use machine learning to forecast outcomes and support decision-making in real estate.
Each module is released weekly, allowing a flexible but structured
approach to learning. You’ll be supported as you engage in individual activities and group discussions, ensuring you feel confident to submit your best work at each weekly deadline.
On completing this course, you’ll understand how data science techniques can be practically applied to extract meaningful insights, and how these insights can support a holistic assessment of the potential of real estate
investments or development ventures.
Commercial Real Estate Analysis and Investment Online Certificate
Commercial real estate is concerned with property used for lucrative long-term investment opportunities, serving as a hedge against the volatility of common investment markets. This course applies concepts from financial economics to commercial real estate, providing you with methods to answer real estate investment questions, along with the tools necessary to make sound investment decisions in the real world.
To generate a holistic overview of real estate analysis and investment, this program will consider real estate from both the micro and macro perspectives. At the micro level, this course will introduce you to the basic principles of real estate assets and the valuation of individual real estate investments. At the macro level, this course will examine real estate capital markets consisting of a portfolio of numerous individual properties.
Taught by leading MIT professor and MIT/CRE’s Associate Director of Research Dr. David Geltner, the program begins with an overview of fundamental economic principles and progresses to more complex financial and investment analysis. By the end of the program, you’ll walk away with the ability to apply cutting-edge insight to current investment property markets.Show more
What You’ll Learn
This online program integrates rich, interactive media such as videos, infographics, and e-learning activities as well as traditional didactic components such as written study guides (course notes). There are also opportunities for collaborative learning through discussion forums. The following modules contribute to the holistic approach your learning path takes:
WELCOME TO YOUR ONLINE CAMPUS
You’ll be welcomed with a personal call and get introduced to your online teaching and technical support network. Begin connecting with fellow participants while exploring the navigation and tools of your Online Campus.
Be alerted to key milestones in the learning path, and review how your results will be calculated and distributed.You’ll be required to complete your participant profile, confirm your certificate delivery address, and submit a digital copy of your passport/identity document.
FINANCIAL ECONOMIC CONCEPTS AND TOOLS FOR REAL ESTATE
Apply financial economic concepts and toolsto real estate investments.
THE REAL ESTATE SYSTEM AND THE SPACE MARKET
Analyze interactions within the real estate system, and the space market in particular.
MICRO LEVEL: PROPERTY VALUATION AND INVESTMENT ANALYSIS
Evaluate individual real estate investments using financial tools.
LEVERAGE, AND FINANCING THE INVESTMENT
Leverage, and financing the investment.
MACRO LEVEL: STRATEGIC AND TACTICAL TOOLS FOR PORTFOLIO MANAGEMENT
Use strategic and tactical tools for evaluating and managing a portfolio of real estate investments.
INVESTMENT ANALYSIS OF REAL ESTATE DEVELOPMENT PROJECTS
Evaluate real estate development projects using financial tools.
This program is designed for finance, investment, and real estate professionals seeking an in-depth understanding of real estate finance to guide their investment decisions. Whether you’re a banker, investment analyst, or portfolio manager, if you’re wanting to broaden your understanding of real estate markets, this course will be relevant to you.
If you’re a real estate professional, engineer, or construction manager looking to gain skills to analyze the financial viability and investment potential of your projects, this program will benefit your work. If you have no background in real estate or finance and you’re looking to transition or grow into a real estate investment role, this program will give you the competitive edge required to set you apart from the rest.