2024 real estate predictions for South Florida

December 7, 2023January 4, 2024 Admin

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 to some of South Florida’s top brokerage executives, mortgage lenders and new construction leaders about their expectations in 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:

Anthony Askowitz
Broker/Owner, RE/MAX Advance Realty

Diego Bonet
Managing Partner, LD&D

Jeremy Collette
Executive Director of Capital Markets, Guaranteed Rate

Edgardo Defortuna
CEO, Fortune International Group

David Druey
Florida Regional President, Centennial Bank

Seth Kaufman
Chief Sales Officer, ONE Sotheby’s International Realty

Dana Koch
Realtor Associate, The Corcoran Group Palm Beach

Jay Phillip Parker
Chief Executive Officer of Brokerage, Florida Region, Douglas Elliman

William “Bill” Raveis
Chairman and CEO, William Raveis Real Estate

Sebastian Vallejo
Regional Director, Miami Beach, Brown Harris Stevens Miami

Mark Wilson
CEO, London Bay Development Group