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GLOBAL LISTINGS: The Rise of a Borderless Shadow MLS

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 cuts jobs amid AI rollout and Homes.com focus

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...

16 indispensable AI tools for real estate agents

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...

Analysis questions CFPB’s economic impact, sparks debate over true costs

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...

Kentucky bill would freeze property taxes for senior homeowners

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...

Bank capital relief may not quickly shift mortgage market dynamics

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...

You’d never guess this $19.5M French château is in suburban Miami

A nearly two-acre estate in Pinecrest is bringing a slice of the French countryside to South Florida. Known as Chateau du Soleil, the nine-bedroom residence at 13291 Old Cutler Road was conceived by architect Ramon Pacheco as a full-scale interpretation of a traditional French château — adapted for modern living. Now listed for $19.5 million with Michael Martinez of ONE Sotheby’s International...

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