Adam Farence

Data Editor at The Real Deal.
Tips at [email protected]
305-351-4681

[Amir Korangy @mrkorangy]

This Wed May 6th, in NYC. 2500+ attendees. Speakers like Jeff Blau, Gary Barnett, Scott Rechler. Head of NYC Housing and many more. Don’t pretend you are serious about real estate if you are not coming.

[Adam Farence @AFarence]

@ohhanxiety Hope someone solves it soon.

[Adam Farence @AFarence]

@mrkorangy Seedless clementines

[Adam Farence @AFarence]

#NewProfilePic

[Sam Lounsberry @samlounz]

Katherine, Sheridan, Ellen and others at @trdny have been leading the way reporting on serious sexual assault allegations against top residential real estate brokers and deserve credit from the largest outlets in journalism following their stories.

[Adam Farence @AFarence]

@kkallergis @MaryKJacob @nypost @trdny Yes @MaryKJacob , please credit Katherine for her story

[Adam Farence @AFarence]

Truer words were never spoken...

[Amir Korangy @mrkorangy]

One of the best stories I read about the Miami insurance dilemma. https://t.co/FBSZQoSCBo

[Adam Farence @AFarence]

@mrkorangy @MassimoGroup If it has to do with AI, I'll be there

[Adam Farence @AFarence]

I had a fantastic time covering the keynote hashtag#AI address, delivered by @JLL's CTO Yao Morin, Ph.D. at The Real Deal's first AI & Real Estate in Miami, Florida.

Long story short, AI is here and you'd better get used to it or risk falling behind.

https://t.co/HW0JmTcVgT

[ina cordle @inacordle]

“Insurance has gotten completely out of control” Gil Dezer #trdforum

[ina cordle @inacordle]

Marcus Lemonis says real estate can change people’s lives, it is “the gateway to true wealth”@trdmiami #trdforum

[Adam Farence @AFarence]

“If it’s cash, it doesn’t crash” — Tony Arellano, Managing Partner, Dwntwn Realty Advisors #trdforum

[Adam Farence @AFarence]

Miami: The World's Next Global City Panel at the 2023 #trdforum

[Adam Farence @AFarence]

As seen at Chicago O'Hare Airport
#AI

[Adam Farence @AFarence]

@lucy_guo Once or twice a month

[Sully @SullyOmarr]

Warm take:

The reason why AI hype is slowing isn't about LLMs, it's about humans.

2 main reasons why:

1) Expectations.

When GPT-4 came out, it literally blew everyone away. The "demos" of its capabilities were everywhere - every single person I knew was amazed.

We were promised the future.

But as more people began using these systems, they started seeing the flaws - the hallucinations and limitations. They were disappointed, so they left. Their high expectations weren't met.

2) The blank canvas problem

Every walk into a restaurant that has 100 items on the menu? Impossible to pick something right.

Inversely if they have like 5 things on the menu, and 1 is labeled "the most popular" you'll likely just get that.

Same thing applies to AI. The fact they can do so much that actually makes it hard for everyday people to figure out how to really use them.

After trying the basic stuff like "write me paper" or "draft me an email" most can't think of anything to ask anymore.

These systems are insanely powerful, but it needs a power user.

They need an intent-driven power user to fully utilize them

Combine these two factors and you get a drop in users and hype

This is actually a product problem - chat interfaces are likely not the answer until we have low latency voice -> text.

We need better UIs and ways to teach capabilities.

Once everyone has their "Aha!" moment (beyond basic examples), we'll start to see the hyper growth of AI.

[Adam Farence @AFarence]

@realEstateTrent 1 - 2, depending if I'm writing or working with real estate data

[TRD South Florida @trdmiami]

The top 10 deals ranged from $1.5 million to $10.5 million, @AFarence reports https://t.co/2SHjxjgz4q

[Erik Engquist @erik_engquist]

Gowanus is poised to smash the city’s housing goals for its Nov. 2021 rezoning — years ahead of schedule.

@oriondjones reports in @trdny (and @AFarence provides a handy map) https://t.co/trrk5IZNeW