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The global application of Artificial Intelligence (AI) in the real estate market is rapidly expanding, projected to reach $180.345 billion by 2030, with a compound annual growth rate of 35%. This market's rapid growth is driven by advancements in machine learning, predictive analytics, and the increasing demand for automation in property management. Key players in this market include Zillow Group, Compass, Redfin Corporation, and Reonomy, leveraging AI-powered tools to enhance customer experience.

2024 is set to be a busy year for the UK, with Donald Trump being re-elected as President of the United States, interest rates slightly declining, and geopolitical tensions intensifying. As the new year approaches, Bloomberg News has interviewed several CEOs in the UK to discuss their outlook for 2025. These CEOs come from various industries, including finance, construction, and energy, sharing their insights on key themes for the coming years. Image source note: The image is AI-generated, with licensing provided by Midjourney.

Redfin has launched Redfin Redesign, an AI tool allowing homebuyers to virtually design their dream home by previewing changes to property photos. Powered by Roomvo technology, users can click a button to select a photo and customize walls and floors to easily compare design effects. The tool is currently available on Redfin listings and Bright MLS, with plans to partner with additional agencies to expand the number of listings. This tool addresses challenges homebuyers face when imagining the future appearance of a home, enhancing the overall home buying experience.