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 the Seattle area’s top real estate executives 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 out esteemed participants:

Jeremy Collette
Executive Director of Capital Markets, Guaranteed Rate

Matthew Gardner
Chief Economist, Windermere Real Estate

John Manning
Managing Broker, REALTOR®, RE/MAX Gateway

Rob McGarty
Founder and Broker, Bushwick Real Estate Services

Brian Wulfestieg
Vice President of Sales, Washington and Oregon, Toll Brothers

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