Mapping the real estate landscape

In today’s market, real estate professionals are facing many of the same hurdles we’ve faced over the past two years: inventory shortages, bidding wars, buyers and sellers reluctant to get into the market and the continued uncertainty caused by the COVID pandemic. But that’s not stopping brokers, agents and others in the industry from planning for another banner year.

We start the year with an overview of the brokerage market working in the trenches. Check out our cover story for their take on the Chicagoland market. Top agents from Baird & Warner, Jameson Sotheby’s International Realty and Berkshire Hathaway HomeServices Chicago give us their perspective on the strengths and weaknesses of Chicago real estate. What are the hottest neighborhoods? What impact could rising interest rates have on the market? How have buyer preferences changed? We have the answers.

As brokerages in the metro area gear up for growth, we take a closer look at our Real Issues article, which explores some brokerages’ decision to expand by buying brokerages while others take the franchising route. Some brokerages, such as Chicago-based @properties, do both. We speak with a number of top real estate executives across the country to learn more about their expansion models, and we have an exclusive interview with @properties co-founder and co-CEO Thad Wong, which made headlines in November with the purchase of Christie’s. International real estate.

This issue also looks to the future with a look at incoming National Association of REALTORS® President Leslie Rouda Smith, and our monthly Top Coach column gives some pointers on how and why agent etiquette matters. As always, we want to hear from you to get your thoughts on the state of the real estate market. Let us know what we are missing via email [email protected].

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