Starting in 2011, increasing per capita disposable income and historically low interest rates helped increase home affordability, contributing to the Real Estate Sales and Brokerage industry's recovery from the recession. The residential market represents more than two-thirds of industry revenue, making the industry especially sensitive to housing prices and existing home sales. Revenue is anticipated to continue improving over the next five years, though higher interest rates could increase borrowing costs and temper demand for homeownership. Nevertheless, general economic improvements and strong corporate profit will help improve the commercial market, and new residential construction will lift industry sales.
This industry comprises brokers and agents who 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.
The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.