The way people buy and sell homes hasn't changed in decades, but new tech-focused firms like REX Real Estate are looking to shake things up.
Jack Ryan, Founder and CEO of REX Real Estate, explains how the company is using A.I. and big data to streamline the real estate process. Ryan says big data lets them target buyers more quickly and more accurately than other agents.
REX Real Estate is currently available in New York and California, and will be opening offices in Texas and Colorado in the next few months. Ryan says he plans on being available throughout the entire country within a few years.
Stocks dipped Friday morning after the yield on the benchmark 10-year Treasury crossed 5% for the first time in 16 years and also following Fed Chair Jerome Powell's remarks on Thursday.
Federal Reserve Chair Jerome Powell said Thursday that inflation remains too high and that bringing it down to the Fed's target level will likely require a slower-growing economy and job market.
