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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

Инструменты искусственного интеллекта (ИИ) предоставляют агентам по недвижимости беспрецедентные возможности. Хотя ChatGPT стал инструментом, к которому прибегают многие из нас, существует множество инструментов ИИ для сферы недвижимости, которые предлагают более эффективный подход на основе данных к генерации новых лидов клиентов. От автоматизированных чат-ботов, которые оценивают входящие лиды, и аналитики для прогнозирования будущих продавцов до домашнего стейджинга, выполняемого за несколько кликов, ИИ...

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...

“Mansion in the sky” at Elysee Miami offers cinematic Biscayne Bay views from the 55th floor

A full-floor residence high above Biscayne Bay is offering a different take on waterfront living, one that trades docks and seawalls for elevation and uninterrupted views. Residence 5501 at Elysee Miami, now listed for $7.695 million, occupies a commanding position inside one of the city’s most architecturally distinctive residential towers. Represented by Lourdes Alatriste of Douglas Elliman, the...

14 things luxury homes used to show off that now get hidden

Luxury homes have always reflected the priorities of their time. Walk into a high-end house built in 1925, 1985, or 2005, and you’ll notice something immediately: what the owners chose to put on display. Not long ago, the goal was visibility. Grand staircases sat right inside the front door. Giant TVs dominated living rooms. Closets showed off entire wardrobes. Kitchens displayed every appliance...

Pint-sized penthouse packs big Chrysler Building views in Midtown Manhattan

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...

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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