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Hazardous Models and Risk Mitigation in Real Estate

David Lundgren David Lundgren | Data Scientist | Opendoor
Xinlu Huang Xinlu Huang | Data Scientist | Opendoor

Hazard / survival modeling is often under-applied given its broad use cases. For example, churn prediction is often posed as a classification problem (did churn or not), when the time component is often given short shrift (when, if ever did the churn happen?)

We hope to argue that hazard modeling is a better fit for these types of problems; spread general awareness of survival modeling, metrics, and data censoring; and describe how Opendoor uses these models to estimate our holding times for homes and mitigate risk, detailing scalability and other technical challenges we had to overcome.
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David Lundgren
David Lundgren
Data Scientist | Opendoor

David is a data scientist on the pricing and revenue optimization group at Opendoor in San Francisco. The team focuses on developing per-home liquidity estimation and building responsive pricing models.Prior to joining Opendoor, David was a data scientist at Rdio working on music recommenders. He holds a BS in computer science from Binghamton University, and an MS in computer science from the University of Illinois.

Xinlu Huang
Xinlu Huang
Data Scientist | Opendoor

Xinlu is a data scientists on the pricing and revenue optimization group at Opendoor in San Francisco. The team focuses on developing per-home liquidity estimation and building responsive pricing models.Before joining Opendoor, Xinlu was a theoretical particle physicist at Stanford. She holds a Master of Music in piano performance from Peabody Conservatory and PhD in physics from Stanford.