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Monday, October 14, 2013

Update: Real Estate Agent Boom and Bust

by Calculated Risk on 10/14/2013 08:48:00 AM

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

Below is another update to the long term graph of 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 32.5% from the peak, and is still declining (down 3.7% year-over-year). The number of salesperson's licenses has fallen to May 2004 levels.

Brokers' licenses are only off 8.3% and have only fallen to late 2006 levels - but are still slowly declining (down 1.3% year-over-year).

California Real Estate Licensees Click on graph for larger image.

So far there is no sign of a new bubble in real estate agents!