From Calculated Risk: Broker's Commissions

This graph shows broker’s commissions as a percent of GDP. Not surprisingly – giving the housing bubble – broker’s commissions soared in recent years, rising from $56 billion in 2000, to $109 billion in 2005. Commissions have declined to an annual rate of $57 billion in Q1 2009 – the lowest since 2000. As a percent of GDP (shown on graph), broker’s commissions are at the lowest level since 1993. All data from the BEA. …

Real Estate Agents Giving Up

Technorati Tags: