Technology & AI

A new Columbia University benchmark found leading AI models missed nearly a quarter of mortgage underwriting questions and showed sharp bias flagging deposits from non-English names as suspicious.

RPR, NAR’s data and technology subsidiary, won the 2026 PropTech Breakthrough Award for Real Estate Analytics Platform of the Year, citing an AI-assisted comp search tool added this year.

The company’s ZenaWorx platform now tracks grading, drainage and cut-and-fill volumes during the earthworks phase of data center construction, landing its first paying customer for the tool.

County assessors in Colorado, Ohio and Minnesota are warning homeowners about a viral AI-generated video falsely claiming Congress created a federal property tax relief program for seniors.

Proptech firm Altrio launched Altrio Pro, an AI tool that automatically scores and organizes commercial real estate deals from broker emails, and rebranded its Origin platform as Altrio Enterprise.

ApartmentIQ raised a $25 million follow-on round from repeat investor Susquehanna Growth Equity as the apartment data and AI platform says its coverage now spans more than 8 million units nationwide.

Meta is committing $1 billion to a new fund supporting teachers, first responders and infrastructure in the U.S. communities that host its data centers, CEO Mark Zuckerberg announced Monday.

HD Hyundai Heavy Industries signed a $675.6 million contract with Corban Energy Group to supply 1,000 megawatts of generator capacity for a U.S. data center, its largest power-generation order to date.

Zillow Group is expanding CFO Jeremy Hofmann’s role to also cover operations and naming Cassandra Knight as its first chief legal and policy officer, a day after cutting 500 jobs.

New analysis from BloombergNEF puts a dollar figure on Texas’s data center interconnection freeze: up to $15 billion in at-risk revenue and a possible three-month delay for nearly 50 gigawatts of capacity, with the state’s Batch Zero fast-track process the likely real target.

Zillow Group’s revenue climbed 18% to $772 million in the second quarter, topping the high end of its own guidance, even as the company posted a small net loss and saw site traffic decline for a second straight quarter, the company reported Aug. 5. The results land one day after Zillow disclosed cutting more than … Read more

Altus Group has acquired Valos, a UK-based platform that automates the property valuation and lending workflow for commercial real estate, the Toronto-listed real estate intelligence firm announced Aug. 6. Financial terms of the deal were not disclosed. Valos, founded in 2020 by CEO Alex Kountourides, connects valuation firms and mortgage lenders on a single platform … Read more

Move Inc.’s Realtor.com posted its seventh straight quarter of revenue growth even as unique visitors fell, a strategy that puts it in sharp contrast with Zillow’s traffic-first super-app approach.

Rep. Ro Khanna plans to introduce a resolution letting local communities reject data center construction, part of a growing national backlash over AI infrastructure’s toll on electricity bills and water supplies.

Realtracs, the multiple listing service covering Nashville and markets across Tennessee, Kentucky, Alabama, Georgia, North Carolina and South Carolina, has signed a new data licensing agreement with Zillow that sets explicit rules for how the portal can use broker-created listing data in artificial intelligence products, according to an announcement posted to Realtracs’ own site on … Read more

Banks led by Morgan Stanley have assembled roughly $15 billion in debt for a 2,000-acre Anthropic-leased data center campus in Hubbard, Texas, backstopped by Google — and are already moving to offload the exposure via bond sales, according to CNBC, Bloomberg and the Financial Times.

Zillow is eliminating over 500 roles, about 7% of its workforce, in a restructuring CEO Jeremy Wacksman says is about cost discipline — its second and largest round of cuts this year, coming a day before Q2 earnings.

Gov. Greg Abbott directed the PUCT and ERCOT to audit every data center in Texas’s 474-gigawatt interconnection queue before granting grid connections, pausing the state’s Batch Zero review process.

Kelley Blue Book Homes, backed by True Footage’s TrueTracts appraisal technology, launched a free nationwide home valuation platform in 11 states Monday, targeting accuracy within 3% of final sale price.

Adwerx launched a Canva integration letting real estate agents import designs directly into ad campaigns without downloading or re-uploading files, available now at no additional cost.

71% of Americans oppose data centers in their local area, Gallup finds, as New York enacts a statewide moratorium and county votes diverge from Georgia to Arkansas ahead of key primary elections.

The Clarksville City Council approved industrial revenue bonds backing Serverfarm’s $6.6 billion data center campus, capping a financing process that drew community pushback over transparency.

Amazon now expects to spend about $220 billion on capex in 2026 as AWS backlog hits $496 billion, underscoring how much of the AI boom is landing as physical data center construction in states like Indiana, Louisiana and Oregon.

Intercontinental Exchange’s Mortgage Technology segment grew revenue 5% to $557 million in the second quarter, while operating income more than quadrupled to $45 million as Closing Solutions led product-line growth.

LPT Aperture Holdings, parent of LPT Realty, has acquired Speculo, an AI database-engagement startup whose Remi assistant flags when past clients are ready to re-engage, adding intent detection to LPTA’s growing AI toolset.

Procore Technologies is buying construction robotics and visual intelligence platform DroneDeploy for approximately $845 million in cash, aiming to combine the two companies’ jobsite data into AI tools the company calls digital coworkers.

Aligned Data Centers closed a $1.183 billion asset-backed securities deal, upsized 30% on strong demand, backed by four campuses and 14 enterprise tenants, as capital markets keep underwriting the AI data center buildout.