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Chicago real estate is entering a critical turning point in 2025, and this episode breaks down the forces that are quietly reshaping the housing and mortgage landscape. In this Groundhog Day edition of Market Trends, hosts Steve Kaempf and Matt Lombardi analyze the nomination of Kevin Warsh as the next Federal Reserve Chair and what his policy direction could mean for interest rates, inflation, and housing affordability. They also unpack the latest Federal Reserve meeting, highlighting what actually matters for real estate professionals, investors, and homebuyers beyond the headlines. Chicago Housing Market Just Shifted (2025) | Fed Chair Kevin Warsh, Rocket Lawsuit & CoStar War The conversation dives into the growing conflict between CoStar Group and hedge fund Third Point over Homes.com’s strategy, profitability timeline, and long-term impact on real estate portals and industry data. The hosts also discuss the recent 2025 Power Player Awards, recognizing influential leaders shaping the future of real estate. A major focus of this episode is the newly filed RESPA class action lawsuit against Rocket Mortgage. As mortgage and brokerage models continue to integrate, Steve and Matt examine the allegations, Rocket’s response, and what this case could mean for compliance, consumer trust, and the future of “one-stop shop” real estate platforms. The episode also addresses the sharp drop in U.S. consumer confidence, labor market sentiment, and spending behavior, and connects these trends directly to housing demand, affordability pressures, and market activity. Special attention is given to Chicago and the Midwest, where home prices continue to rise at a slower, steadier pace compared to overheated markets in the Sunbelt. If you are a Chicago homebuyer, seller, investor, real estate agent, lender, or industry professional, this episode provides practical context, clarity, and insight to help you make informed decisions in an increasingly complex market. About the Podcast People, Not Titles is hosted by Steve Kaempf and is dedicated to lifting up professionals in the real estate and business community. The show highlights market trends, leadership insights, and success principles to help you thrive focusing on people, not job titles. Listen & Connect → Full episodes: www.peoplenottitles.com → Instagram: / peoplenottitles → Facebook: / peoplenottitles → Twitter / X: / sjkaempf → Spotify: https://open.spotify.com/show/1uu5kTv 👉 Subscribe for weekly Chicago real estate market updates, industry news, and expert insights. #ChicagoRealEstate #ChicagoHousingMarket #HousingMarket2025 #MortgageRates #RealEstatePodcast