The aftermath of the 2008 crisis led to significant attrition among real estate agents, as seen through the drop in NAR membership from nearly 1.4 million in 2006 to about 999,000 by 2012.
Fast forward to 2024, the real estate market has rebounded with the median existing-home sales price soaring to an all-time high of $419,300 in May 2024 amid a persistent shortage of homes and surging demand.
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