Broker commissions at lowest percentage of GDP since 82
The third quarter GDP growth of 2 percent holds little good news for real estate brokers.
Brokers’ commissions as a percentage of GDP are at the lowest levels since 1982, according to figures from the Bureau of Economic Analysis.
Sales of single family homes have plummeted since 2006, which is a big contributor to brokers’ lack of business.
This graph shows various real estate metrics as a composite of GDP for the last 50 years.
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