Monday, February 15, 2016

Update: Real Estate Agent Boom and Bust

by Bill McBride on 2/15/2016 01:40:00 PM

Way back in 2005, I posted a graph of the Real Estate Agent Boom. Here is another update to the graph.

The graph shows the number of real estate licensees in California.

The number of agents peaked at the end of 2007 (housing activity peaked in 2005, and prices in 2006).

The number of salesperson's licenses is off 32.8% from the peak, and may be starting to increase again (but up less than 1% year-over-year). The number of salesperson's licenses has fallen to April 2004 levels.

Brokers' licenses are off 11.3% from the peak and have only fallen to April 2006 levels, but are still slowly declining (down 1.5% year-over-year).

California Real Estate Licensees Click on graph for larger image.

So far there been no significant pickup in the number of real estate agents!