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Zillow’s new AI tool aims to promote equality in housing

Housing Wire

Zillow announced the release of an open-source tool, the Fair Housing Classifier , on Tuesday as part of the company’s efforts to “promote responsible and unbiased behavior in real estate conversations powered by large language model (LLM) technology.“ System developers have the ability to intervene in these cases. “In

Tools 416
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Zillow Intros Tool to Mitigate Bias in AI-Powered Conversations

Appraisal Buzz

Because many AI tools disregard fair housing requirements and, when deployed, can perpetuate bias, Zillow is releasing a Fair Housing Classifier that establishes guardrails to promote responsible and unbiased behavior in real estate conversations powered by large language model (LLM) technology.

Tools 221
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Buyers viewed just eight homes before making their purchase

Housing Wire

From 2004 to 2006, during the housing boom years, even though homes were moving at a rapid pace, buyers typically looked at nine homes. Besides inventory constraints, the NAR feels that technology has also contributed to the decrease in the number of homes buyers view before completing their purchase. month’s supply of homes.

Buyers 421
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Recruiters turn to AI in their quest to lure top agents

Housing Wire

Tech enters the picture Alongside these possibilities, the integration of an artificial intelligence (AI) tool can also be a solution. Launched in 2006, the Zillow Zestimate leverages public documents to provide estimates of value for every house in a given neighborhood. “I When labeled training data is not available (i.e.,

Agents 386
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Saul Klein to lead San Diego MLS in wake of scandal

Housing Wire

Working with our new Board of Directors, our vision is to bring to the real estate professionals of San Diego County the best in MLS service, providing them with the tools they need for success in the changing world of residential real estate sales.” Mercurio became SDAR CEO in 2006.

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Guild acquires small retail lender Legacy Mortgage

Housing Wire

Legacy, headquartered in Albuquerque, New Mexico, was founded in 2002 and purchased by its CEO Jack Thompson in 2006. The lender originated approximately $309 million in mortgages in 2022, according to data from mortgage technology platform Modex. The acquisition is Guild’s second pickup in the last three months.

Retail 384
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SingleSource’s new app to support to Fannie Mae’s Value Acceptance + Property Data program

Housing Wire

With these tools, lenders are poised to see “shorter loan cycle times, lower consumer costs, and an improved borrower experience,” the company said in a statement. SingleSource has been providing valuation services nationwide since 2000 and nationwide field services and inspection services since 2006.

Valuation 384