McKinsey: Real Estate Must Change To Unlock $180B In Potential Value From Generative AI

Art created by artificial intelligence platform DALL-E using the prompt “artificial intelligence.” The commercial real estate industry could realize $110B to $180B more in value with the proper application of generative artificial intelligence, McKinsey Global Institute estimates. The company calls generative AI “open-ended and creative,” a technology that introduces uses that previous versions of AI didn’t have….

Read More

Mortgage rates slide, but renting may still be more viable

By: Cooling inflation may be sparking hope for more than just investors, as Federal Reserve officials have seemingly finished hiking interest rates. Mortgage rates may be sliding for their third consecutive week, but they remain rather high, hurting the real estate sector already suffering from inventory pressures.Yahoo Finance Housing Reporter Dani Romero discusses mortgage rates…

Read More