Feb 24, 2009

License Rates? 20% of 2006 Volumes

Hello Neighbors,

We came across an interesting statistic tonight.

It's a true indicator of how this industry has shaken out. Those who are still in the business - or who are just jumping in - are clearly here for the long haul.

In 2006, the California Department of Real Estate was averaging 5,000 new licenses issued per month. 5,000 per month!

Now? The DRE is issuing 1,000 per month.

That's right. Those who were in it for the boom (and only to make money) have stopped entering this business.

We couldn't be happier.

- Jim


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