In today's challenging Desert Area real estate market,
property valuations nsw selecting the right real estate agent is crucial. It can make all the difference in the world. Whether you're planning on buying, selling, or you just have a question, feel free to call Connie Boucher .
Her search for that first transaction has been daunting.
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"It's very emotional," said the 55-year-old, who works for Prudential Realty. "I promised myself that I would try it for at least a year."
There are more real estate agents than ever before, which can make the scramble for sales more difficult. Currently, about 632,240 existing homes are sold in California a year, according to the California Association of Realtors. That equates to an average of about 1.4 sales a year for every licensed real estate agent, based on current numbers.
"There's too much competition," said Greg Vlasek,director of public affairs for the Sacramento Association of Realtors.
Any boom in the real estate market attracts people looking to ride the wave, said Delores Conway, director of the Casden Forecast at the University of Southern California's Lusk Center for Real Estate.
She said many of the newcomers are people who move from industry to industry, depending on which job areas are hot. She expects the number of agents in California will likely start to decline to pre-housing-boom levels.
But for career agents who've been selling for years, "their salaries don't change that much, because they are always out selling property," Conway said.
Veterans like Michael Lyon, head of Lyon Real Estate, predicts there will be increasing fallout. "You just have a lot of people who aren't going to survive. ... The get-rich-quick group is falling off the truck, thank goodness."
About the writer:
- The Bee's Rachel Osterman can be reached at (916) 321-1052