Industry News

What will happen in 2005?

Part 4: 2005 Real Estate Forecast

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Editor's note: The real estate industry is heading for big change in 2005. Experts once again are predicting slower home sales and easing price appreciation due to an anticipated rise in interest rates. In this Inman News forecast series, we attempt to get a clear picture of the industry next year, including what we can expect from housing numbers, who the industry should be watching and what the best and worst-case scenarios might be for housing in 2005. (See Part 1: The interest rate roller coaster ride; Part 2: Best-case scenario for housing next year; Part 3: Worst-case scenario for housing next year; Part 5: 15 people to watch in 2005; and Part 6: Inman News Readers 2005 Real Estate Forecast.) The Inman News team likes to put together our own list of predictions every year. Here are 10 things we think will happen in 2005. 1. Homestore will start a lead generation program and quickly become one of the leaders in the space. 2. A major mortgage company will purchase...