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The National Association of Realtors announced that more than 60,000 Realtors have left the profession since the beginning of 2023. So why are they leaving? Homes are selling, and they are selling in record time and at record prices. The problem is that there aren't many homeowners selling their homes.
Tightening financial conditions and the deteriorating economic outlook will weigh on commercial real estate investment in H1 2023. However, should interest rates stabilize, conditions may be conducive for a healthy recovery in H2 2023. CBRE forecasts 2023 investment volume to decline by 15% from 2022 levels.
Home Buyers Outnumber Home Sellers A third reason why November 2023 is a good time for first-time buyers is that the shortage of homes for sale is growing. ing to the National Association of REALTORS® and its most recent Existing Home Sales report: Each state averages approximately 22,000 homes for sale.
HOPE DORN on LinkedIn: 60,000 real estate agents have left the industry so far in 2023.