Mortgage platform Tomo is rolling out a new AI-powered home search portal today, and metro Phoenix is among the first markets to test it.
Why it matters: As more real estate marketplaces integrate AI into their platforms, searching for homes could become a lot faster and easier.
Details: Former Zillow exec and Tomo co-founder Greg Schwartz developed the platform so consumers could search for homes based on specific wants — beyond the number of beds and baths — and shop more like savvy investors.
Axios' Brianna Crane tested the tool in the Seattle area and found it was capable of picking up on specific preferences. She plugged in: "Home with a view of Lake Washington, modern design, a rooftop deck, and it's really important for me to have a space to WFH. Oh, the kids love a backyard."
More than 300 listing matches came up, clearly tagged with which boxes the home checked.
Our thought bubble: This machine's ability to play matchmaker and share negotiating tips comes at an interesting time, as real estate commissions — and agent value — are top of mind for consumers.
