Real estate leaders like Hoby Hanna and Sue Yannaccone are cautiously optimistic about the new year, with many believing that the worst of 2024’s challenges are behind us.
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2024 was a rollercoaster year, with commission litigation, economic predictions, and inflation concerns. Looking ahead to 2025, industry leaders are hopeful for positive changes and evolution in the real estate market.
Read on for insights from industry leaders about their predictions for 2025 and the trends they anticipate. Take the Inman Intel Index Survey for December to stay informed.
Anticipating an increase in inventory, as many sellers who have been holding onto properties since the pandemic may now feel ready to trade up. The possibility of removing membership as a requirement for listing on the MLS has gained some momentum, although it is still facing challenges. This could lead to significant changes in the real estate industry in the near future.
The upcoming chapter in commission litigation and the Department of Justice (DOJ) is expected to be filled with courtroom battles. Experts believe that the litigation and liability issues in the real estate sector are just beginning, with new rules and practices likely to be closely scrutinized.
As the industry continues to evolve, companies and individuals who can adapt to change will thrive. Those who embrace innovation and prioritize consumer needs are likely to succeed in the long term. Privately held companies may have an advantage in this environment, as they can focus on long-term goals rather than short-term gains.
Leaders in the real estate industry emphasize the importance of agility and adaptability in the face of ongoing challenges. Companies that invest in technology, market analytics, and immersive technologies are expected to excel in the coming year. By remaining focused on providing exceptional customer service and empowering agents, brokerages can stay ahead of the competition and meet the changing needs of clients.
In conclusion, the real estate industry is on the brink of significant changes, with litigation, innovation, and adaptability playing key roles in shaping its future.Embracing change and prioritizing consumer needs will be crucial for success in the evolving real estate landscape. article to make it easier to understand:
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