Mish's Global Economic Trend Analysis Message Board

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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: ThirdEye who wrote (21774)	1/19/2005 6:53:14 PM
From: mishedlo	Read Replies (1) of 116555

Mish: Pop of CAL: 35 mill. # of real estate agents >380K...more than 1:1000, and climbing daily. Buckaroo that was posted on SI Can you confirm? Buckaroo: It might be worse than that: modbee.com There are 411,000 licensees in California, up from 297,000 a decade ago, said Tom Pool, the department spokesman. That would make it a 1:85 ratio among the entire population, not just those in the workforce which would probably yield a ratio of about 1:50! The state population grows about 10% per decade. The number of licensees grew by 38%. That said, 10 years ago was roughly the bottom of the southern California residential market, probably true for the rest of the state. nctimes.com By June of this year, 425,000 people in California are expected to have real estate licenses, according to the state's Department of Real Estate. Keith Badiner plans to be one of them. I would be curious to see a graph of the number of agents vs. home prices from the late 80's/early 90's to see what kind of a lag there was. I have to wonder if all these newly minted agents are considered employed regardless of the number of properties they sell. Buckaroo

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