RealTrends Q32021 BrokerPulse sees brokers still optimistic about the market, wary of competition and wondering when inventory will rise.

2021 RealTrends Brokerage Compensation Report

For the study, RealTrends surveyed all the firms on the 2021 RealTrends 500 and Nation’s Best rankings, asking for annual compensation data for the 2020 calendar year.’s Sean Black on the transaction revolution

Real estate is on its third revolution, from the digital revolution of the early 2000s to the information revolution kicked off by Trulia and Zillow to today's transaction revolution.


The RealTrends BrokerSource and HousingWire OpenHouse newsletters deliver twice weekly information on trends, strategies, analysis, people, and news shaping the real estate industry.

Black Swans: High Impact Events & Their Impact on Real Estate

Low-probability, high-impact events have defined the 21st Century.

In a February 4, article in The Wall Street Journal concerning the potential impact of the Coronavirus, the writer said, “So far, the 21st Century has been an age of Black Swans, from 9/11 to the election of President Trump to Brexit, low-probability, high-impact events have reshaped the world order. That age isn’t over, and of the black swans still, to arrive, the Coronavirus is unlikely to be the last to materialize out of China.”

In answering questions from brokerage firms over the years concerning the American housing market, the future of brokerage, and the valuations of brokerage firms, we’ve often said, ‘Absent a 9/11 event of some kind; the market looks good for some years ahead.’

We are hugely concerned about the Coronavirus, first for the human tragedy and the lives lost to it, and, secondly, for the impact it’s already having and that it might have on the economy of the world, and the United States. It could be that this is not just going to pass quickly. As of this writing, the confirmed cases are over 20,000, just in China. It could have a profound impact on everyone in the world.

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Where is the housing market headed?

Rising incomes, low interest rates and all other factors, including the balance between families looking for housing and the availability of housing, point towards a continuation of the strong housing market of the last 15 to 18 months.

Oct 18, 2021 By