Guess how many real estate agents there are in this country? More than 1.2 million. During the boomtimes of 2002 to 2004, there was a 26 percent increase. Now, with the number of real estate transaction forecast to fall 7.6 percent this year, the question is how are all these folks going to continue to put bread on the table. The National Association of Realtors is predicting that those who came last to the party will be the first to leave: With less low-hanging fruit to pick, those without established networks will find it toughest to generate commissions. We’re curious whether anyone’s noticed a thinning of the ranks among brokers in our corner of the universe. How ’bout it?
Real Estate Downturn Hits Agents [CNN/Money]
Graphic from Lisa Saltman Real Estate