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In a 142-square-foot kitchen, every inch counts. So a peninsula slicing the space nearly in two wasn’t doing this young family any favors. Living in a 1925 Craftsman in Philadelphia’s Mount Airy neighborhood with two small kids, the owners wanted a layout that felt more open, functional...

Image The dispersion of returns creates opportunity for active management to generate alpha:...

Miami, FL-based GLOBAL LISTINGS has quietly been assembling what could become the world's first truly global, publicly accessible multiple listing service -- a digital infrastructure play designed to challenge one of real estate's most entrenched institutions: the MLS. Michael Gerrity Launched in 2018 as a worldwide property advertising platform, the company has since evolved into a sprawling listings...

CoStar Group has undergone a round of layoffs. A spokesperson for the Andy Florance-helmed firm confirmed news of the layoffs Wednesday afternoon. According to a company spokesperson, the decision to “eliminate certain roles within the organization,” was made in an effort to “align our organization with these strategic objectives and position the company for continued success.” “This was...

Artificial intelligence (AI) tools equip real estate agents with unprecedented capabilities. While ChatGPT has become a go-to tool for many of us, there are tons of AI tools for real estate that offer a more efficient, data-driven approach to generating new client leads. From automated chatbots that qualify incoming leads and analytics to predict upcoming sellers to home staging done in a few clicks, AI...

A new report from the Council of Economic Advisers (CEA) estimates that the Consumer Financial Protection Bureau (CFPB) has imposed $237 billion to $369 billion in cumulative costs on U.S. consumers since its creation in 2011, largely through higher borrowing costs. For 2024 alone, the report estimates $24 billion to $38 billion in costs. The bulk of the total costs since 2011 — $222 billion to $350...

A proposed constitutional amendment that would freeze property tax assessments for 65-and-older residents in Kentucky has cleared a state Senate committee — one of several efforts to limit rising tax bills for elderly homeowners. Senate Bill 51, sponsored by state Sen. Mike Nemes (R-Shepherdsville), would lock in the assessed value of a senior’s primary residence and prevent higher property tax...

Regulatory changes to how banks treat mortgage assets — anticipated this week by Federal Reserve Vice Chair Michelle Bowman — may have an impact on the mortgage market over time, analysts said. “The near-term impact on the mortgage market is likely to be somewhat limited,” Keefe, Bruyette & Woods (KBW) analysts wrote in a report published Tuesday. “There are few large banks limiting their...

A two-bedroom penthouse at Monogram New York is proving that in Manhattan, scale doesn’t always dictate impact. Listed for $5.499 million, Penthouse B at 135 East 47th Street spans just 1,674 square feet, but its proportions, refined design, ceiling height, and skyline views elevate it well beyond its footprint. Positioned on the 24th floor, the residence captures a direct sightline to some of New...