The real estate industry is grappling with a substantial exodus of realtors, declining home sales, waning builder confidence, and worsening affordability.

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“Over 60,000 realtors have left the industry over the last 6 months, according to data from the National Association of Realtors”

“Tens of thousands of real estate agents are giving up on the profession, thinning their pandemic-era ranks as the housing market comes back to earth.

Why it matters: Realtors are on the ground floor of the real estate market, making them well positioned to notice when it’s cooling off, thus providing less opportunity to cash in.

By the numbers: More than 60,000 have exited the sector over the last six months, according to data from the National Association of Realtors, analyzed by Reventure Consulting.”

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The housing market is the least affordable its been for decades

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Home prices are now contracting at levels only seen 2 times before – Both ended in deep recessions

h/t TonyLiberty

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