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2024 Market Outlook

  • Thursday, January 18 | 2:30 pm – 7:30 pm

Kick-off 2024 with a look at the year ahead and what it means for the Chicago real estate market.

We’ll begin the afternoon with a member-exclusive update on significant industry changes from the National Association of REALTORS® and the Illinois REALTORS®. Then, we’ll welcome our economists to the stage to shed light on what 2024 will look like for real estate. Afterward, connect at the 2024 Welcome Party!

Thursday, January 18 | 2:30 pm 7:30 pm

Program Timeline

  • 2:30 PM | Check-in Begins – Chicago REALTORS® Members only
  • 3:00 PM | Industry Updates in 2024 – CHICAGO REALTORS® MEMBER EXCLUSIVE SESSION
  • 5:00 PM | Economist 2024 Presentations (Event opens to Non-members)
  • 6:15 PM | 2024 Welcome Party
  • 7:30 PM | Event concludes

You’re invited! Hear from 2024 president Drussy Hernandez:

Begin the New Year With Chicago REALTORS®

Begin the New Year With Chicago REALTORS®

The annual Market Outlook includes more than just economist updates.


Marriott Marquis Chicago | 2121 S. Prairie Ave. Chicago, IL 60616

Room: Great Lakes Ballroom (2nd Floor)

Thursday, January 18 | 2:30 pm 7:30 pm

Parking: Self-parking for this event is highly recommended.

  • Self-parking is conveniently located for guests via Skybridge in Lot A of McCormick Place (2301 S. Prairie Ave.). Skybridge connectivity to the Marriott Marquis Chicago is located on the 3rd Floor of Lot A.
  • The rate is $25 for 0-16 hours or $38 for 16-24 hours.


Chicago REALTORS® Members: FREE
Non-members: $75

Pre-registration will close on Wednesday, January 17 at 12:00 PM.

A limited quantity of on-site registrations will be accepted, pending availability.

What to Expect

Industry Updates in 2024

During this member-exclusive session, a representative from NAR’s legal team will provide a legal update, followed by the general counsel from Illinois REALTORS® to discuss:

  • How buyer agency in Illinois has evolved over the years, the history behind the present written disclosure and what might be in the future from a regulatory perspective with IDFPR and buyer agency.
  • What the REALTOR® Code of Ethics allows and does not allow regarding negotiating cooperating compensation.
  • How office policy should be reviewed at this time and where regulatory limits step in.
  • Essential practices regarding Buyer Representation Agreements in your business.

Economist 2024 Presentations

Then, top economists will dive into our industry’s emerging trends and opportunities, including:

  • The state of the housing market in Chicago and nationwide
  • Market trends to watch
  • Key economic drivers
  • Demographic shifts
  • And other trends to watch

We are thrilled to welcome Dr. Lawrence Yun, Chief Economist for the National Association of REALTORS®, as well as Brandon Svec, National Director of U.S. Retail Analytics with CoStar Group, who will present the commercial outlook. Following the presentations, participate in a Q&A with our economists.

Meet the guest presenters below.

Explore Communities

Connect with peers, vendors and leaders in the 2024 Welcome Party Lounge. Enjoy light bites and a cash bar during the Welcome Party. A wide variety of communities are here to support you and your business!

  • Explore Your Chicago REALTORS® Communities
  • Explore Industry Partner Communities


Dr. Lawrence Yun

Chief Economist | National Association of REALTORS®

Brandon Svec

National Director of U.S. Retail Analytics | CoStar Group

Betsy UrBance

General Counsel and Vice President of Legal Services | Illinois REALTORS®

Charlie Lee

Senior Counsel and Director of Legal Affairs, National Association of REALTORS®

tom Benedetto

Director of Local Advocacy | Illinois REALTORS®

Hear from top economists!

Hear from top economists!

Space is limited. Please click here for more information on CAR’s event attendance and cancellation policy.

By registering to participate in this event, you hereby acknowledge and consent that The Chicago Association of REALTORS® (and their assignees) may take photographs and/or video of you during the event and may use those photographs and recordings for the Association’s purposes, including but not limited to news, publicity and fundraising purposes, without further compensation to you. All such photos and videos are the sole property of the Association.

The Chicago Association of REALTORS® (CAR) is committed to creating a safe and inclusive experience for our community and providing a friendly and welcoming environment for all. We do not tolerate harassment in any form. Please act professionally and follow our Code of Conduct at all CAR events.

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