Red-hot real estate markets cool down 

In 2005, home sellers will have to price their properties judiciously instead of expecting offers beyond their wildest dreams on the first day of listing, according to Christopher Cagan's market analysis and forecast. Buyers will look at many houses before placing a bid and will negotiate more with sellers.

In Cagan's view, these are not signs of a crashing real estate market, but more of a raging fire returning to normal temperatures.

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