The economy and job market are slowly improving after the turmoil of the last few years; existing-home sales have been on the rise, first-time buyers are looking for ways to break into the market and home prices have continued creeping up. Another promising sign comes from the National Association of REALTORS® 2015 Profile of Real Estate Firms, which reports that 44 percent of firms are actively recruiting sales agents in 2015, and 68 percent of firms expect profitability (net income) from all restate activities to increase over the next year. And while this is good news, challenges still remain for real estate firms—keeping up with technology, maintaining sufficient inventory, and local or regional economic conditions, to name a few.
Review NAR’s 2015 Profile of Real Estate Firms and an infographic displaying highlights of the report. Talk to firms or REALTORS® in your area to get their perspective on the future of real estate firms.