Press Releases

2005 Outlook: Brokers optimistic about future, yet remain worried about recruiting and profitability

(Boonton, NJ, December 15, 2004) — After a record-breaking 2004, many brokers expect 2005 to be even better for their companies, although recruiting and profitability remain daunting concerns. Those are among the findings of the Real Estate Broker’s Insider’s annual reader survey. <>Two key questions in the survey focused on the volume of home sales and mortgage rates in the new year. Fully one-third of readers expect home sales to increase in 2005, a prediction that could prove a bit optimistic.

Some 82 percent of the industry newsletter’s readers expect mortgage rates to rise in 2005.

In spite of higher rates, 56 percent predict that their own companies will fare better this year than in 2004. Only 7 percent expect a slowdown, and 37 percent expect their fortunes to level off.

“We’ve had such a banner year this year that to expect an increase could be expecting too much,” one broker says.

The full text of the 2005 Outlook article is available online at the “Real Estate Broker’s Insider” website, http://www.BrokersInsider.com/rebisample.php.

About Real Estate Broker’s Insider

Real Estate Broker’s Insider provides agency broker/owners with actionable news and information on managing their businesses for greater profitability.

Website: http://www.BrokersInsider.com