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Study finds Zillow home estimates improve buyer, seller outcomes

Affordability, Artificial Intelligence, Automated Valuation Model, Home Prices, HWmember, Real Estate, Technology, Valuation, Zillow /

A new study found that Zillow’s automated home valuation tool, the Zestimate, improves pricing efficiency in residential real estate transactions and delivers measurable benefits to buyers and sellers like. The research, published in Marketing Science — a peer-reviewed journal of the Institute for Operations Research and the Management Sciences — concluded that Zillow‘s tool reduces […]

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Opendoor names Lucas Matheson president, Christy Schwartz CFO

HWmember, iBuying, Opendoor, Real Estate, Technology /

The executive team switch-ups at iBuyer Opendoor are continuing. On Monday, the firm announced the appointments of Lucas Matheson as president and Christy Schwartz as chief financial officer.  Matheson most recently served as the CEO of Coinbase Canada. Prior to this, Matheson spent five years in a variety of operational roles at Shopify where he

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Google enters portal wars with MLS listings in select cities

Google, HouseCanary, HWmember, Keefe, Bruyette & Woods, MLS/Associations, Real Estate Listings, Technology /

The portal wars may have a new entrant — and it isn’t one to shake a stick at. Google has begun testing a new advertising format in select markets that embeds for-sale home listings directly into search results.  Listings are embedded only in mobile searches for listings in select markets, including Chicago, Denver and Austin. 

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Settlor integrates with DataTrace to streamline title searches

DataTrace, HWmember, Technology, Title, Title insurance /

Title and settlement services technology provider Settlor has introduced a new integration with DataTrace. The connection allows Settlor’s users to access DataTrace tools directly within Settlor’s title production system — eliminating the need to switch between platforms. Integration gives users the ability to run automated title searches tied to specific properties and retrieve related documents

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Don Goettling goes all in with Momentum Builder

HWmember, LendingLife, Loan Officer, Marketing, Mortgage, Partnerships, Sales Techniques, Technology /

Don Goettling, a nearly 40-year veteran of the mortgage and real estate industry, announced last week that he’s committing full time to his role as CEO of Momentum Builder, the company he co-founded in 2018. The organization, which provides resources for housing professionals — including coaching, workshops, events and technology tools — also oversees the

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Sitewire launches AI tools to streamline pre-construction risk review

Artificial Intelligence, Construction, Technology, The Builder's Daily /

As homebuilders face shrinking access, tighter reins, and higher costs from traditional local and regional banks for construction financing, Sitewire this week introduced two new AI tools, BudgetIQ and Permit IQ, to streamline pre-construction budgeting and permitting for small residential construction projects. The company, which facilitates private credit construction draws, a solution widely used by

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Trump targets “onerous” state AI laws, wins lender support

Artificial Intelligence, Machine learning, Mortgage technology, Technology /

Mortgage stakeholders are applauding President Trump’s latest executive order seeking to curb state-level regulation around artificial intelligence.  Processing Content The Trump Administration will target state laws and challenge them in court, and withhold certain grant funding for states with AI laws it deems onerous, according to the order signed Thursday. The directive suggests existing state

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FSOC tilts scales in oversight toward deregulation

FSOC tilts scales in oversight toward deregulation

Politics and policy, Risk management, Secondary markets, Technology /

Scott Bessent Photographer:Al Drago/Bloomberg The Financial Stability Oversight Council’s take on its guiding principles is shifting, according to statements by Treasury Secretary Scott Bessent on Thursday. Processing Content Bessent said in the open part of the group’s meeting that the council needs to ensure its original focus on regulation to control risks associated with the

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Loft47 launches automation and commission management platform for real estate teams

Agent, Artificial Intelligence, HWmember, Real Estate, real estate teams, Real Estate Technology, Technology /

Loft47 — a back-office automation and commission management platform for real estate brokerages — has introduced a new product aimed specifically at teams. Loft47 for Teams is built to automate commissions, payouts and accounting workflows while giving team leaders real-time visibility into performance and profitability. “Real estate teams are running increasingly complex businesses within brokerages,

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Optimal Blue announces new CFO and CRO

HWmember, Mortgage, Optimal Blue, People Movers, Team Leaders, Technology /

Optimal Blue announced on Monday that it has promoted Lanny Rogers III to chief financial officer and Jeremy Moreno to chief revenue officer. Rogers, a certified public accountant, will oversee financial planning, forecasting and capital allocation as the company expands. He joined Optimal Blue in 2017 and most recently served as vice president of accounting.

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