Industry Analysis & Industry Trends
The largest real estate decline since the Great Depression decimated the Real Estate Sales and Brokerage industry. Lending activity diminished as banks and other institutions suffered from real estate asset write-downs. While the industry faces fallout from these trends, firms are set to recover, as demand for property rises and real estate prices increase... purchase to read more
Industry Report - Industry Analysis Chapter
After years of decline in the wake of the subprime mortgage crisis, the credit crunch and the Great Recession, the Real Estate Sales and Brokerage industry is beginning to find its way home. In 2013, revenue is expected to reach $103.5 billion, fully recovering the losses it had incurred since 2008 but smaller than its prerecession peak of about $163.5 billion in 2005, at the height of the housing bubble. During the five years to 2013, industry revenue is expected to grow at an annualized rate of 0.1%, with a strong 2012 and further gains expected in 2013 helping to offset previous declines.
The industry is composed of real estate agents and brokers who mostly work in the residential market... purchase to read more