Realtors Feel the Pinch as Housing Market Cools
- 45% of real estate agents struggling to pay rent due to slow home sales and high interest rates
- Home sales have hit multi-decade lows due to high mortgage rates and low inventory
- Number of realtors expected to shrink as housing market contracts
- Sales may improve in 2024 if mortgage rates continue to fall
- Analysts forecast lower mortgage rates and 13.5% increase in home sales in 2024