Real Estate Sales & Brokerage in the US
The Real Estate Sales and Brokerage industry is closely aligned with the health of the residential and commercial real estate markets in the United States. In 2013, increasing per capita disposable income and historically low interest rates helped increase home affordability, which bolstered demand for real estate brokerage services. Since then, the industry has demonstrated steady growth over the five years to 2018 due to interest rates remaining low and increasing consumer spending. Furthermore, rising house prices paved the way for steady gains in industry revenue. IBISWorld expects industry revenue to continue to improve over the five years to 2023. However, steady economic growth will likely force the Federal Reserve to raise interest rates over the next few years, which could limit growth.
This industry comprises brokers and agents that sell, buy or rent real estate for others. Industry operators do not own these properties but act as intermediaries between owners or sellers and buyers or tenants.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
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