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2012 Predictions

by Chicago Agent

Everyone wants to know: what’s the bottom line for this year, and what will happen next year?

The data we’ve seen for 2011 is positive – albeit ever so slightly – which we think means, at the very least, that 2012 will be a better year than 2011. This year, numerous segments of real estate experienced positive growth, including price reductions per month, absorption rates and highest priced properties sold. Slight inclines all across the board show that 2011 was a better year than 2010, and this incline should continue, making 2012 a better year than 2011.

Anecdotal reporting may vary from agent to agent, but the 15 top industry professionals we interviewed in this cover story each have unique insight to the market. From association presidents and co-chairs, to presidents of lending companies and managing brokers, to veteran developers and short sale specialists, they each made predictions for next year. Read their answers, look at the data, and make your own predictions for next year.

Thad Wong, Co-Owner, @properties

David Balcerzak, Vice President of Sales and Marketing, Pulte Homes

Victor Ciardelli, President, Guaranteed Rate

Neil Piket, Broker, John Greene Realtor

Nicole Fabiano, Founder and Lead Negotiator, Home Solutions, Inc., A Full Service Short Sale Company

Paul Martis, Co-Chair MORe Commercial Investment Committee, Broker, Coldwell Banker Residential Brokerage

Janet Owen, Agent, Prudential Rubloff

Steve Stapleton, Senior Vice President, Mortgage Services III

Dan McLean, President, MCL Companies

Bobbie O’Reilly, Broker/Owner, Weichert, Realtors-McKee Real Estate

Tony Saviano, Broker/Owner, Realty Executives Experts, Hoffman Estates

Liz Brooks, Vice President of Sales and Marketing, Belgravia Group

Geri McCafferty, Realtor/Associate, Brush Hill Realtors

Jason Palermo, Broker/Owner, RE/MAX Vision 212

Bob Floss, Bob Floss & Son Realty, President, Chicago Association of Realtors

Mike Prodehl, Executive Vice President, Coldwell Banker Honig-Bell

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