Real Estate Sales & Brokerage in the US - Industry Market Research Report

April 2021 •
49 pages •
Report ID: 199056 •
Format: PDF

Summary
Table of contents
Search Inside

Moving in: Rebounding real estate construction activity will boost industry revenue

Abstract

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. Industry revenue is directly correlated with property prices and real estate transaction volumes, and agents are typically paid completely on a commission basis and receive their fee only when they close a deal. Additionally, the residential market accounts for more than two-thirds of industry revenue, making the industry especially sensitive to fluctuations in housing prices and existing home sales. In 2014, 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 during the five-year period to 2019 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 2024. However, anticipated steady economic growth will likely force the Federal Reserve to raise interest rates over the next few years.

The Real Estate Sales and Brokerage industry in the US 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.

Ahmad helps you find the right report:

+1 718 618 4302
Contact by email

FAQ

Testimonials

The market research advisor answered my questions quickly and professionally. ReportBuyer's team did their best to ensure that I felt comfortable before making the investment to purchase the report.

Cristian Nunez

Director of Corporate Development Chugach Alaska Corporation

My overall experience with ReportBuyer today has been very positive, and I must thank you for your patience (...). Also, the sample you sent me and the explanations provided were very helpful.

D. Lescuyer

Executive Vice President Oral Business at Skyepharma

The research specialist was very helpful, and proposed the best content for my needs. ReportBuyer also offered a great follow-up, thanks for everything !

P. Thompson

EMEA Managing Director

We were satisfied with the support that ReportBuyer's team provided. Thanks to their recommendations, the report we purchased provided exactly what we want.

Y. Wang

Business Analyst

We didn't have time to do the research internally, and thanks to ReportBuyer's team we were able to find the appropriate data.

S. Chen

Research Coordinator

I was impressed by the customer service: it was fast, responsive, and 100% professional !

D. Krivan

Market Research Analyst

The research specialist provided prompt and helpful service. He also followed up to ensure I had all the information to deliver my business development plan.

C. Adams

Senior Business Development Manager