Real estate in 2023 has been marked by low inventory, rising prices, challenging mortgage rates and industry-shifting lawsuits. That’s a lot of change in one year, so how can we anticipate what’s next? Ask the experts.
For our annual predictions feature, we spoke to some of Chicagoland’s top brokerage executives, mortgage lenders and developers about their expectations for the coming year. What will be the biggest challenges for agents in 2024? Where are mortgage rates headed? Which segments of the residential market are poised for growth?
The insightful answers to these and other questions offer an opportunity to set realistic expectations and find nuggets of optimism as we prepare to flip the calendar to a new year. Thank you to all our esteemed participants for sharing their knowledge and expertise:
Jennifer Ames
License Partner, Engel & Völkers Chicago
Karen Arenson
License Partner, Engel & Völkers Chicago North Shore
Melissa Archer-Wirtz
CEO, CENTURY 21 Circle
Jeff Benach
Principal, Lexington Homes
Liz Brooks
Executive Vice President of Sales and Marketing, Belgravia Group
Fran Broude
Regional Vice President, COMPASS Chicago
Jeremy Collette
Executive Director of Capital Markets, Guaranteed Rate
Michael Facchini
Branch Manager, Fairway Independent Mortgage
Mike Golden
Co-Founder/Co-CEO,
@properties Christie’s International Real Estate
Matt Horney
Senior Lending Manager, Chase Home Lending in Chicago
Jim Miller
Executive Vice President and Designated Managing Broker, City Offices,
Jameson Sotheby’s International Realty
Mark Pasquesi
President of Brokerage, Berkshire Hathaway HomeServices Chicago
Ayoub Rabah
Regional President Midwest, Coldwell Banker Realty
Corey Shapiro
Home Lending Officer, Citi
Timothy Tuz
Senior Vice President, Capital Markets, Wintrust Mortgage
Check out the categories below to read what our real estate experts predict for 2024!
