Challenges for Real Estate Firms Over the Next Two Years
Housing Affordability, Maintaining Sufficient Inventory and Keeping up With Technology Among Biggest Challenges for Real Estate Firms Over the Next Two Years, NAR Report Finds
- In 2022, most real estate firms operated from a single office (81%) and were independent and non-franchised (86%).
- Firms with only one office had a median brokerage sales volume of $5.3 million and 15 real estate transaction sides.
- Almost one-third of firms (30%) expect profitability or net income from all real estate activities to increase this year, down from 58% in 2021.
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