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More Real Estate Agents Than Homes For Sale In The U.S.

 
CharlieFoxtrot
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User ID: 78092574
United States
04/16/2021 06:02 AM
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More Real Estate Agents Than Homes For Sale In The U.S.
I rank realtors right up there with ponzi scheme operators.

The real estate market has surged into 2021, as newly cash flush U.S. citizens (thanks to a slew of government 'free money') leave cities and look to settle down in the suburbs. To say the market is running hot would be a vast understatement.

And this, of course, has resulted in an influx of new realtors. In fact, as the Wall Street Journal reports, "there are more real-estate agents than homes for sale in the U.S.". It marks only the second time in history The National Association of Realtors member count is above the number of homes on the market. The other time was in December of 2019.

At the end of January, there were 1.04 million homes from sale (down 26% YOY and the lowest on record since 1982). The NAR posted 1.45 million members, up 4.8% from the year prior

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