Industry News

Inman News Readers 2005 Real Estate Forecast

Word on the street: What's hot, what's not

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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 4: What will happen in 2005? and Part 5: 15 people to watch in 2005.) Inman News asked readers to give us their own market forecasts for 2005. Here's a sampling of what they had to say. Jim CorteseDivision presidentStewart Title of CaliforniaSanta Clara Co., Calif. "I think it'll be a pretty good year. I don't expect anything drastic one way or the other. I think it wi...