Agent and Brokerage Services for The Sale and Rental of Residential Real Estate for Offices of Real Estate Agents and Brokers, All Establishments, Employer Firms
This dataset tracks agent and brokerage services for the sale and rental of residential real estate for offices of real estate agents and brokers, all establishments, employer firms over time.
Latest Value
128960.00
Year-over-Year Change
96.64%
Date Range
1/1/2015 - 1/1/2022
Summary
This economic trend measures the sales and rental revenue generated by real estate agents and brokers for residential properties. It provides insight into the health and activity of the residential real estate industry.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The Agent and Brokerage Services for The Sale and Rental of Residential Real Estate for Offices of Real Estate Agents and Brokers, All Establishments, Employer Firms metric tracks the total revenue earned by real estate agents and brokers from residential property transactions. This data is a key indicator of housing market activity and the performance of the real estate industry.
Methodology
The data is collected through surveys of real estate firms and brokerages by the U.S. Census Bureau.
Historical Context
This metric is closely watched by economists, policymakers, and real estate market participants to assess housing demand and the overall state of the residential real estate sector.
Key Facts
- This metric covers all real estate agent and broker establishments, including employer firms.
- It measures revenue from both sales and rental of residential properties.
- The data is published quarterly by the U.S. Census Bureau.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total sales and rental revenue generated by real estate agents and brokers for residential properties in the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into the health and activity of the residential real estate industry, which is a key driver of the broader economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of real estate firms and brokerages by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: This metric is closely watched by economists, policymakers, and real estate market participants to assess housing demand and the overall state of the residential real estate sector.
Q: Are there update delays or limitations?
A: The data is published quarterly by the U.S. Census Bureau, so there may be a delay of several months between the end of the reference period and the release of the data.
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Citation
U.S. Federal Reserve, Agent and Brokerage Services for The Sale and Rental of Residential Real Estate for Offices of Real Estate Agents and Brokers, All Establishments, Employer Firms (OOREAABAABS415312), retrieved from FRED.