Kevin Foley of Optimal Blue discusses the rollout of AI Labs and Virtual Economist.
Foley's AI Labs aims to enhance AI implementation, while Virtual Economist analyzes interest rates and lock volumes, leveraging public data for insights.
Tenth Circuit Affirms Dismissal of Homie Antitrust Case
Tenth Circuit upholds dismissal of Homie's antitrust case against NAR and brokerages, citing lack of credible conspiracy and timing issues.
Real estate leaders evaluate purchasing versus developing AI tools.
AI Summit speakers emphasized that decisions on buying versus building solutions depend on adoption rates, regulatory guardrails, data usage policies, and vendor stability.
CPI Inflation Declines in July Despite a 0.1% Increase in Shelter Costs
In July, CPI rose 0.1% while annual inflation decreased to 3.4%. Shelter costs inched up 0.1%, and core inflation saw a 0.2% increase.
Mortgage Applications Rise 3.6% Following a Minor Decrease in Rates
Mortgage applications increased by 3.6% as the 30-year fixed rate decreased to 6.77%, with refinances making up 40.7% of activity, indicating market shifts.
FirstTeam Expands Its Presence with a New Office in Kansas City
FirstTeam expands into Kansas and Missouri with a new Kansas City office in partnership with Rival Real Estate, now boasting 62 offices and 2,200 agents.
Lenders prompted to address business challenges prior to adopting AI
Panelists at the HW AI Summit emphasized the importance of human oversight and vendor controls in AI to ensure compliance with fair lending regulations.
Compass transaction fee lawsuit may be voluntarily dismissed.
Florida homebuyers are deciding whether to withdraw a lawsuit against Compass regarding a $475 transaction fee, previously seeking class-action status.
ENRG Realty Provides Nationwide Health Insurance for Real Estate Agents
ENRG Realty provides nationwide agents with immediate access to medical, dental, and vision plans, eliminating waiting periods and annual enrollment constraints.
TPO GO Leaves Wholesale Channel to Partner with Stockton Mortgage
Alliance's recent transition on August 10 involves relocating most TPO GO wholesale staff to Stockton, maintaining a focus on operational efficiency without stock or asset sales.