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The Bureau of Economic Analysis (BEA) reported that inflation grew at a faster rate throughout August, possibly contributing toward the Federal Reserve’s decision to raise rates in mid-September. The Personal Consumption Expenditures (PCE) price index increased 0.3% on a monthly basis, a slight increase from July’s index increase of 0.2%. On a yearly basis, inflation…

The post Inflation Grows But Below Estimates of Fed’s Expectations appeared first on RISMedia.

When it comes to AI, I think we can all agree: The train has left the station. Moving at a speed never before seen, artificial intelligence adoption rates are more than double that of smartphones and tablets when they hit the scene in 2007. The question is, how’s a real estate professional—and the industry at…

The post Harnessing the AI Juggernaut appeared first on RISMedia.

In the continuation of a local New York City story that drew national attention with potential implications elsewhere, Judge Wayne M. Ozzi of State Supreme Court on Staten Island ruled on Sept. 29 that the city’s attempt to tax expensive second homes within the five boroughs, led by  Mayor Zohran Mamdani, was not handled properly…

The post Judge Negates NYC Mayor’s Tax Try on Expensive Second Homes appeared first on RISMedia.

Zillow has encountered a roadblock in its effort to dismiss a class action lawsuit alleging steering in regards to the portal’s Premier agent programs and its Home Loans business. The portal filed a motion to dismiss the suit back in June, claiming that the plaintiffs “fail” to plausibly argue their claims of state and federal…

The post Zillow Must Face Antitrust Claims From Agent as Judge Allows Lawsuit to Move Forward appeared first on RISMedia.