Here's what's covered in this week's edition of real estate tech and Built World signal:
- The General Services Administration is looking to spend $3.8 billion on innovation focused on reducing carbon emissions.
- New Zillow research indicates that the value of the US housing market has increased 49% from pre-pandemic levels.
- Commentary from Brian Boero on the Austin Realty and Compass Merger.
- Safely raised $8 million in peace of mind for vacation rental customers.
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Follow the Governmental Leader
By: Logan Nagel
As part of the Inflation Reduction Act, the General Services Administration has $3.4 billion to spend to “help reduce carbon emissions and catalyze innovation” across its portfolio, which includes almost 180 million square feet of leased real estate. Around $2 billion will go to low carbon materials. Around a billion is earmarked to test, deploy, and support other green technologies and programs, with the remaining $250 million pushing federal buildings toward the government’s own sustainability and health-oriented high-performance green buildings criteria.