Recently, I read an interesting fact in the Chicago Tribune real estate section:
In California, home sales in April were down almost 28% from the same time last year.
The number of licensed real estate agents in California, however, jumped 7.5% from last year, to more than 387,000!
The article noted that this was almost equal to the ENTIRE population of Miami!
By comparison, Illinois has about 86,000 agents.
I always figured that real estate agent income followed the 80/20 rule - about 20% of the agents probably earn 80% of the income. I would now guess that California's ratio is probably more skewed.
Tuesday, 19 June 2007
California Real Estate: Sales Down, Agents Up
Posted on 14:28 by Unknown
Subscribe to:
Post Comments (Atom)
0 comments:
Post a Comment