Value for Real Estate Brokers (U.S.)

A Healthy Industry

The real estate market in the United States has been an incredible growth story during the past decade. With existing homes sold exceeding seven million units and median sales prices for existing homes at approximately $219,600, the total U.S. residential real estate market was approximately $1.8 trillion in size in 2005. U.S. home prices that have increased every year since 1950 and Freddie Mac forecasts home prices to continue to grow 5 percent annually through 2010.

Despite the near term expected moderation in the number of existing home sales, Realogy believes that the housing market will continue to benefit from expected positive long-term economic fundamentals including rises in gross domestic product and historically moderate interest rates.

Consumer demand is being fueled by positive demographics, such as a growing number of households, aging baby boomers, immigration and increasing minority homeownership, as well as an expanding U.S. economy, job creation, and attractive mortgage rates that make the affordability of a home greater today than it was 20 years ago.

Positive trends in the industry are underlined by the robust U.S. homeownership rate, which now tops 69 percent, an all-time high, and is expected to increase further.

This advertisement is not intended, and shall not be deemed, to constitute any offer to sell a franchise. A franchise offering is made only by a Uniform Franchise Offering Circular.