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Think now is the time to be a real estate agent? … Deerwood Realty and Friends…Ep. 25
#realestate #becomingarealtor #realestatetips
Thoughts/Questions
1. There are more realtors in the US than there are houses for sale! 1.5 million agents to 1.3 million houses for sale. As an agent, you need a few deals a year to get by.
2. In Austin, realtors outnumbered homes for sale by 8 to 1!
3. 130,000 new agents during the pandemic!
4. Second generation realtor says that they aren’t making money hand over fist because people that can buy a new house can’t find one. This has been my experience as well. I have many sellers that could list, but they can’t find something they would buy because the prices aren’t comparable. For example, they live in a 3 bedroom home now, and currently a 2 bedroom home sells for more than their three bedroom.
5. The real estate business is a revolving door for many. When the market is good, everyone becomes a real estate agent, and people are more likely to go with their relative or a close friend. When the market cools off, people leave the business…think 2008. That would be a macro trend. There are still thousands of agents who come and go every year for one reason or another. Churn in real estate is super high all the time.
Podcast call in number = 314-274-3964
media@deerwoodrealtystl.com
Source https://www.cnn.com/2021/06/23/homes/more-realtors-than-homes-for-sale-feseries/index.html
Check us out at https://www.deerwoodrealtystl.com/
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