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 with some of The Valley’s top brokerage executives, mortgage lenders and new construction leaders 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:

Oleg Bortman
Co-Founder and Associate Broker, The Brokery

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

Jeremy Collette
Executive Director of Capital Markets, Guaranteed Rate

Sophia DePallo
Realtor and Team Leader, Retsy Real Estate

Zander Diamont
Co-Founder, Minimal Living Concepts

Paul Engler
Chief Financial Officer, Camelot Homes

Matthew Gardner
Chief Economist, Windermere Real Estate

Greg Hague
Founder and CEO, 72SOLD

Timothy Tuz
Senior Vice President, Capital Markets, Wintrust Mortgage

Patrick van den Bossche
President, Realty Executives International

Check out the categories below to read what our real estate experts predict for 2024!