Uncertainty left its mark on real estate in 2024. It came in the form of rate cuts later in the year than anticipated, and in how new rules regarding buyer’s agent agreements and removing commissions from MLSs would alter the industry.

What changes in real estate might be on the horizon in 2025? Chicago Agent asked some of Chicagoland’s top brokerage executives, mortgage lenders and developers for their predictions for the coming year. Will the industry trend up or down? What are the keys for agents to have a successful year? What’s the mortgage rate outlook? What segments of the residential market are poised for growth?

Their responses offer reason for optimism in 2025, while also setting realistic expectations for what might be ahead. Thank you to all the participants for sharing their expertise with our audience.