Will Congress Regulate AI's Rapid Growth in Real Estate?

Feb 5, 2025

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From Capitol Hill to the mortgage industry, AI is everywhere. It’s even finding its way into the halls of government. But while AI promises innovation, it’s also raising a ton of questions—especially for policymakers.

Last year, Congress introduced over 350 AI-related bills, and while many of these bills simply served to spark debate, it’s clear that lawmakers are considering everything from data privacy to mitigating bias in algorithms. Now, with a new Congress in session, the real question is: will AI regulation finally take center stage?

Although no property-focused AI bills made it to the floor last session, there’s been plenty of groundwork. From Senate hearings on AI in financial services to conversations about the technology’s impact on housing, policymakers have been laying the foundation for regulation. One theme keeps emerging: the need to balance innovation with fairness.

Technology often moves faster than regulation, but if regulators move too fast or ignore industry concerns, it could stall progress. And then there’s the wildcard: the Supreme Court’s 2024 repeal of the Chevron doctrine, which shifted interpretive power from agencies to the courts. This means Congress now has to be ultra-specific when drafting laws, which could further slow regulation initiatives.

The future of AI regulation may be uncertain, but one thing’s clear: the stakes couldn’t be higher. In this episode of Core Conversations, host Maiclaire Bolton Smith and Russell McIntyre, an expert in public policy and industry relations at CoreLogic, discuss the need for AI regulation and how the government could approach this task.

In This Episode:

1:50 – Is the U.S. government currently regulating AI? What about AI in the property industry?

5:19 – Whose responsibility is it to regulate AI?

7:19 – How will the Chevron doctrine going to influence AI regulation in Congress?

10:00 – What are the concerns and opportunities if AI regulations change in the property industry?

12:28 – How will AI affect climate science?

14:27 – Erika Stanley goes over the numbers in the property market with The Sip.

15:26 – Is it impossible to eliminate inherent bias in AI technology?

17:49 – How will the U.S. government handle AI and how can companies prepare for upcoming regulations around AI?

Up Next: What Are the Ethical Implications of AI in the Property Industry?

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