While AI is all the hype right now, AI as a field dates back to 1956, marked by the Dartmouth Conference that brought together researchers interested in neural networks, the theory of computation and automating intelligence.

RentCafe, Santa Barbara, Calif., reported 27,500 build-to-rent homes were completed in 2023. That’s a 75% increase from 2022.

Industry personnel news from MBA, Dovenmuehle, Optimal Blue and Nationwide Property & Appraisal Services.

MBA’s President and CEO Bob Broeksmit, CMB, released a statement regarding the Department of Housing and Urban Development’s (HUD) updates to its wind and named storm policy for Federal Housing Administration (FHA) multifamily loans. 

In this time of low volumes and tight margins, many lenders are scrutinizing expenses more closely and seeking innovative ways to enhance efficiencies and gain greater control over their operations. One area that is ripe for improvement is vendor management – particularly within a mortgage lender’s branch network.

The National Association of Realtors, Chicago, reported existing-home sales fell 4.3% in March to a seasonally adjusted annual rate of 4.19 million.