Providing news, research, data and properties in Southwest Florida – Site offered by Sean Dreznin of Dreznin Pappas Commercial Real Estate LLC.

Felt this tremor 18-24 months ago and the premonition seems to be coming into focus more today. Mostly residential anxiety and concerns but nonetheless, the markets are similar and the license is the same.

by Rachel Kleinman, Editor at LinkedIn News 

The housing market’s prolonged slump is pushing many real estate agents to leave the industry or seek second jobs, The Wall Street Journal reports.

The downturn is also affecting related sectors, such as mortgage lending and home appraisal. Smaller firms are particularly vulnerable, often being acquired by larger companies that can provide comprehensive services.

As a result, the National Association of Realtors has seen a decrease in membership, with 1.4 million members in April compared to 1.6 million in October 2022.

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