Residential News » Miami Edition | By WPJ Staff | December 9, 2024 3:36 PM ET
Despite high mortgage rates, low inventories and an overall slowdown of U.S. home sales in recent years, Miami-based proptech company GLOBAL LISTINGS has been steadily preparing for the industry's rebound in 2025 by quietly developing a suite of cloud-based services tailored for real estate companies and organizations worldwide.
Initially launched in 2017 as a consumer-facing global platform for real estate listings searches and direct postings, the company has since expanded its offerings to include advanced digital solutions for corporate and enterprise real estate clients in the global property market.
Over the past year, GLOBAL LISTINGS introduced its new API Listings Data Licensing service and Syndicated Marketplace services, designed specifically for third-party real estate and media websites, worldwide.
Founder Michael Gerrity explains, "While GLOBAL LISTINGS has grown its consumer-facing real estate listings marketplace to over 3.3 million property postings per month across 110 countries, we've also drawn inspiration from Jeff Bezos' successful AWS model. Like Amazon, we've developed our own cloud-based infrastructure and data services for enterprise real estate clients worldwide."
Positioned at the crossroads of Silicon Valley's search technologies, Wall Street's trading infrastructure, and Main Street's real estate market, GLOBAL LISTINGS now operates three global business units: Marketplaces, Cloud Services, and Data Services.
The company is also working on next-generation industry innovations, including a multi-language-capable real estate listings buyer-seller automated matching engines powered by AI and big data. Additionally, it plans to launch a cloud-based Private Label Marketplace Service (called PaaS) in 2025.
"The company also intends to tangentially expand its consumer service offerings beyond just property listings search by incorporating related services such as mortgage, title, appraisal, and other home buying, selling, financing, decorating and home improvement vendor offerings into its platform. This initiative, planned for the coming year, aims to establish a global ecosystem of related real estate products and services, enabling consumers worldwide to more efficiently and intelligently find, finance, purchase and fully enjoy their new properties on a worldwide basis," says Gerrity.
"As we continue to evolve our B2C and B2B platforms to digitize and streamline the fragmented $380 trillion global property market, we aim to effectively become the leading online 'shopping engine' for real estate searches and related services," says Gerrity. "Our goal is to transform GLOBAL LISTINGS into the future 'Amazon of Real Estate' on a worldwide basis."
GLOBAL LISTINGS is a portfolio company of World Property Markets, a global holding company specializing in building digital real estate market infrastructure platforms.