Home prices surged due to FED actions so now they raise rates the fastest ever on a percentage basis.<p>Nobody is selling because who the hell wants to double or triple their interest payment. So the entire housing market is grinding to a halt from refinance, to construction, etc.<p>What was the big lesson in the great recession? Oh ya the entire us economy is held up by everything associated with the housing industry.<p>T - 1 year until the biggest fed policy error since great depression starts to become clear.
While I think the data probably is a good signal, I’m curious as to how they define realtor, full-time? Licensed? I feel like there are a lot realtors that are quite happy to go back to being a homemaker, retired, etc. when the market cools off…