Industry News

Inman News 2005 forecast report card

How we did with our real estate predictions

Learn the New Luxury Playbook at Luxury Connect | October 18-19 at the Beverly Hills Hotel

A year ago, Inman News provided a list of real estate predictions for 2005. Here's how we did: Prediction 1: Homestore will start a lead generation program and quickly become one of the leaders in the space. Homestore launched an online lead-generation product for Realtors called Top Marketer, offering consumers free home sales comparison reports in exchange for their contact information. Realtors who sign up receive a call on their cell phones when consumers sign up online. Prediction 2: A major mortgage company will purchase a big real estate company, setting off a legal battle with the real estate industry. We haven't heard of any major mortgage lenders buying a big real estate brokerage, but many lenders this year continued to create affiliated partnerships with real estate companies, aiming to offer consumers a one-stop shop for real estate and mortgage services. Prediction 3: A movement to privatize the MLS will take off like wildfire as brokers move to control their listing in...