From Hoby Hanna to Anywhere’s Sue Yannaccone, real estate leaders are cautiously optimistic about the new year, telling Inman the worst of 2024’s tumult may be fading in the rearview mirror.
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Twenty twenty-four was something else, wasn’t it?
Thanks to a jury verdict in 2023, commission litigation appeared, at first glance, to turn a corner in the early months of 2024, toward some sort of conclusion. Economists predicted rates would fall. Inflation was improving.
But alas, 2024 ended up, in many ways, more tumultuous than the preceding years. With much of that tumult now in the rearview mirror, though, Inman reached out to various leaders across the industry to get their take on 2025.
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When reporters ask executives for predictions, they usually begin with a caveat that they don’t have a crystal ball. But some did venture a guess at what lies ahead, and the big takeaway this year was their sense of optimism for 2025. The market will improve, many speculated, while real estate institutions will evolve without being obliterated. Nobody thought 2025 would be a repeat of 2024.
What follows are 25 of the predictions industry leaders shared with Inman, edited for length and clarity. These are not all the predictions Inman gathered, but they’re characteristic of overall themes and topics that came up repeatedly.
The market in 2025
Hoby Hanna, Robert Reffkin, Geoff Wood, Amy Lessinger, Ruben Gonzales, Ryan Serhant, Mauricio Umansky
The consensus: Industry leaders…