Monday, November 14, 2016

Update: Real Estate Agent Boom and Bust

by Bill McBride on 11/14/2016 09:00:00 AM

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 31.1% from the peak, and is increasing again (up 3.9% from low). The number of salesperson's licenses has fallen to June 2004 levels.

Brokers' licenses are off 12.1% from the peak and have only fallen to March 2006 levels, but are still slowly declining (down 1% year-over-year).

California Real Estate Licensees Click on graph for larger image.

It appears we are starting to see a pickup in Real Estate licensees in California, although the number of Brokers is still declining.