Top markets for affordable renovated housing inventory

Despite the rapidly deteriorating affordability, there is some hope for homebuyers in the form of renovated homes: properties that have been rehabbed into move-in ready condition after being purchased at auction.

HousingWire Magazine: December 2021/ January 2022

AS WE ENTER A NEW YEAR, let’s look at some of the events that we can look forward to in 2022. But what about what’s next for the housing industry?

Mortgage Tech Virtual Demo Day

Tune in to our live Virtual Demo Day on December 1st at 10am CT to experience demos from the most innovative tech companies in the Servicing, Audit and Post-Close space.

Logan Mohtashami on Omicron and pending home sales

In this episode of HousingWire Daily, Logan Mohtashami discusses how the new COVID variant, Omicron, will impact inflation and whether or not it will send mortgage rates lower.

Real Estate

Forbes launches luxury home listing marketplace

Forbes Global Properties is an invitation-only platform for homes $2 million and up

A new, invitation-only home listing platform hit the web last week. Forbes launched a luxury home listing platform which the company says will capitalize on its audience and “connect, inform, and inspire high-net-worth potential homebuyers and sellers” about properties for sale around the world.

Forbes Global Properties will be led by Jeff Hyland, president and cofounder of the luxury listing site Hilton & Hyland and Bonnie Stone Sellers, the former CEO of Christie’s International Real Estate, who will also serve as chair. Forbes Global Properties is owned and run by brokerages, with a Forbes ownership stake.

“Forbes Global Properties creates a new and unparalleled sphere of influence for the world’s finest real estate,” Hyland said in a statement. “Unlike other branded real estate groups, Forbes Global Properties is not merely a listing tool for agents — it offers direct and measurable access to potential high-net-worth buyers through Forbes’ worldwide media penetration.”

The Forbes Global Properties website will feature homes listed for at least $2 million, according to the company. There are currently luxury home listings available on the website from all over the world.

The network doesn’t charge referral fees, although members will pay annual dues and membership is “reserved for only the 100 most elite brokerage firms in select cities and second-home destinations across the globe.” Despite being invitation-only, Forbes said that agents in select non-member locations can promote homes on the platform.

How to gain more listing visibility in a shifting housing market

As real estate professionals strategize on how to do business in 2021’s competitive, fast-paced housing market, they’ll discover the need for better tools to market their listings. Learn how brokers and agents are growing listing visibility among rental properties, attracting more clients in the new year.

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Founding member brokerages are “established leaders” in respective local luxury markets and have offices in over 75 locations in the U.S., Asia and Europe. Forbes Global Properties will accept new member brokerages over the next few months after conducting a “rigorous” vetting process.

“Forbes Global Properties is not only a network of experts, but also a powerful consumer platform for the world’s most extraordinary homes, available for showcasing distinguished properties in non-member markets as well,” Sellers said in a statement. “We are creating the next evolution of real estate marketing and sales, delivering an incredibly unique value proposition for brokers as well as buyers and sellers of luxury residences.”

This year, the luxury housing market has seen a boom as workers in big cities have retreated to vacation towns throughout the pandemic. During the third quarter this year, luxury home sales rose 41.5%, the biggest year-over-year shift since 2013, according to Redfin.

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