Judge Andrea R. Wood, who is overseeing the two Batton homebuyer commission lawsuits and the Moehrl commission suit, has recused herself from the cases, according to a legal filing on Wednesday. In the filing, the Chicago-based U.S. district court judge said that it had recently come to her attention that the spouse of a person…
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The city council of Portland, Oregon, unanimously passed what it is calling the city’s first-ever housing production strategy, which is based on a proposal introduced this summer by Commissioner Carmen Rubio. Like many major metropolitan areas across the country, Portland is facing a housing shortage as well as an affordability crisis. The only viable solution…
Artificial intelligence is already a tool in Zillow’s search experience, and now the company is adding natural language capabilities to it. Zillow’s existing AI search capabilities already allowed for surfacing homes on the basis of things related to the home itself. Now the AI can search by commute times, affordability and “nearby points of interest.”…
Mortgage demand rose slightly last week as mortgage rates moved lower. Loan application volume increased 1.6% on a seasonally adjusted basis for the week ending Aug. 30 compared to the previous week, according to the Mortgage Bankers Association (MBA). The MBA’s refinance index decreased 0.3% from the previous week but was 94% higher than the…