Wednesday, August 24, 2005

A Realtor Bubble?

The National Association of Realtors ( NAR) just issued a study showing information about Realtors' members.
  • Members who have been in the business for two years or less earned only $12,850.Members who have been in business for 6 to 10 years earned a median $58,700 in 2004, up 18.6 percent from 2002. Members with at least 26 years of experience earned $92,600, up 37.2 percent from two years earlier.
    • NAR membership totals increased 26.6 percent to 1.1 million.Between 2002 and 2004
    • Sixteen percent of members own at least one vacation home. Additionally, 39 percent own additional residential properties for investment (outside of primary residences and vacation homes), and 13 percent hold an ownership interest in at least one commercial property.

    These numbers represent just NAR members.