Calvin Powell, CIO of First American Data & Analytics, emphasizes data extraction's role in real estate's digital transformation. Paper documents are converted to structured data using optical character recognition and machine learning. In this article, Powell emphasizes automated title decisions, transaction acceleration, and future modeling and machine learning advancements. Their technology also tackles challenges like identifying discriminatory restrictive covenants in public land records.

According to this MReport article, builder confidence increased in May due to limited existing inventory, leading to increased new construction. Builders remain optimistic about meeting demand despite supply chain disruptions and tighter credit conditions. The scarcity of housing inventory drives buyers towards new construction as a prominent option in their home search.

The Kentucky Derby offers valuable leadership lessons for any profession, such as winning against all odds, persevering despite failures, using critics as motivation, writing down goals, and never giving up until the finish line. Loyalty and support from others on the journey to success are also crucial. This article provides important lessons in leadership from the 2023 races.  

Despite market conditions, the Potential Home Sales Model by First American Financial Corporation indicates a 0.45% month-over-month increase in potential existing-home sales for April. However, the market potential for existing-home sales decreased by 7.7% compared to the previous year, primarily due to existing homeowners staying put.