MLS leaders say AI requires a new approach to governing real estate data

As artificial intelligence changes how real estate data is accessed, analyzed and deployed, two of the nation’s largest MLS leaders say the industry needs to rethink the infrastructure governing that data — and give brokerages far more visibility into how their information is being used. During a di

Mortgage Applications Rise After Hope of Iran Peace Deal Drove Brief Dip in Rates

Mortgage applications to purchase and refinance a home both rose last week, when hopes of a deal to end the Iran war drove a brief dip in mortgage rates, according to the Mortgage Bankers Association. For the week ending Aug. 7, MBA's Market Composite Index—a measure of total mortgage loan applicati

Inflation Eases to 3.4% in Positive Sign for Mortgage Rates

Inflation slowed a bit in July, a hopeful sign that could help temper the steady upward creep of mortgage rates. The Consumer Price Index Report released Wednesday showed headline inflation rose just 0.1% in July and cooled to 3.4% annually, down from 3.5% in June. Core inflation, excluding volatile

Homeowners Insurance Premiums in Texas Surged 30% in 5 Years—10 Times Faster Than Incomes

Homeowners in Texas are grappling with rising insurance premiums, as carriers raise rates in the disaster-prone state. Between 2019 and 2024, home insurance premiums rose 30% in Texas, to an average of $2,983 annually, according to a new report from Rice University's Kinder Institute for Urban Resea