From today’s Yahoo! Finance: The 10 American Industries That May Never Recover.
9. Realtors. The National Association of Realtors reports that there were 1,370,758 realtors in October 2006 — the peak of the market. By the end of 2007, the figure was below 1.2 million. The number is below 1.1 million today and has continued on a downward trend. Home prices have dropped so far and so few homes are sold, that the ability to make money in the business disappears by the day.
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First let me say that I’m glad over 200,000 realtors have gone bye-bye. I suspect that number will nearly double after December 31 when agents have to pay their yearly dues adding up to over $400 in KC and more in other areas.
Let me also say that as a realtor I am self-employed and like any other business I own or have owned my success or failure is a formula of effort, research, preparedness and a little healthy dose of luck goes a long way.