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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: ThirdEye who wrote (21789)	1/19/2005 8:29:45 PM
From: CalculatedRisk	Read Replies (1) \| Respond to of 116555

Lets have fun with the numbers: 411,000 RE Agents in California. 35,484,453 People in California. census.gov But, approximately 35% of the population is under 25. (28% under 20). census.gov If we remove these people, that leaves 25,417,942 adults and a ratio of 1:62. Even better, California is estimated to have 12,656,882 housing units (this includes rentals). SOURCE: census.gov This gives a ratio of 1 agent to 31 housing units. But only 65% of the units in California are owner occupied (the rest are rentals). This gives a ratio of 1:20. Now if people move on average every 7 years, that gives a ratio of 3 houses to sale per agent per year. Of course, I'm sure most of those "licensed agents" are not active.