The annual analysis by New York City-based Ernst & Young diagnoses the direction global real estate is heading in 2005. Dale Reiss, the company’s global director for real estate, hospitality, & construction practices, shares thoughts on the trends and events most likely to impact the industry. From slow job growth and the American Jobs Creation Act to the rising cost of raw materials, Real Estate Market Outlook 2005 projects what can be expected in the global real estate environment in the near future. To view a video or read the transcript on Reiss’ commentary, visit (www.ey.com/global/content.nsf/US/home).