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While Valley Home Prices Rise Steadily, Number Of Real Estate Agents Booms


Southern Nevada home prices might not be rising as fast as they used to, but the number of real estate agents looking to sell those houses is booming. Nearly 2,400 people will join the ranks of licensed real estate agents in Clark County by the time the ...


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1289 STorrey Pines Dr.Las Vegas, NV 89146Main Number:  1-702-258-9895Toll Free:  1-888-258-9895More contact info Staff Board of Directors Employment CPB Compliance Our Policies History Listen on the Radio Other Ways to Listen ENews NVPR and UNLV/KUNV News 88.9 KNPR Classical 89.7 KCNV Desert Companion Support Ways to Support Contact Member Services Member Benefits Sustaining Membership Broadcast Underwriting/Sponsorship Digital Marketing Advertise in Desert Companion Events Sponsorship Donate your Car Volunteer Planned Giving Main menu Search Enter your keywords Listen live stream live stream live stream live stream Podcasts view all an member station Support KNPRKNPR's State of NevadaWhile Valley Home Prices Rise Steadily, Number Of Real Estate Agents BoomsTweet Share on Facebook Share on Google+ Email for_sale_sign.jpg Jae CHong/APWhile housing prices in the Las Vegas Valley continue a slow but steady march to normalcy, the number of people selling those homes are booming. Listen May 27, 2016by: Doug PuppelSouthern Nevada home prices might not be rising as fast as they used to, but the number of real estate agents looking to sell those houses is booming.Nearly 2,400 people will join the ranks of licensed real estate agents in Clark County by the time the fiscal year ends June 30, pushing the total above 12,000 for the first time in six yearsDuring the boom a decade ago that number neared 16,000.Existing home prices are up about 4 percent for the last 12 months, according to the Greater Las Vegas Association of RealtorsThat is off the more robust gains posted coming out of the recession.While the jump in the number of real estate agents might speak of a start of another bubble, Ed Coulson, the director of the Lied Institute of Real Estate Studies, is not concerned that another bubble is forming."Real estate prices are up about 40 percent almost since 2012," he said, "Higher prices mean higher commission - higher payoffs for agent effort and so you'd expect the higher prices to be a good signal of better times to come for the real estate industry."He said the number of real estate transactions are still low and so is the amount of homeownershipBut he believes there are more people becoming owner-occupiers again and more new homes are being built. Support comes from Mike Federwitz is the chief operating office for Key Reality SchoolHe told KNPR's State of Nevada that the way real estate agents are educated is the same now as it was before the housing crisis. He also said getting a license can take between four weeks and six months depending on the course you takeHe said on average a new agent who sells about one property a month will make between $50,000 and $60,000 a year. Guests: Amber Corby, real estate agent; Heather Corby, real estate agent; Ed Coulson, director, Lied Institute of Real Estate Studies; Mike Federwitz, chief operating officer, Key Reality School  More from: Business, Civic Life, Nevada & the Southwest, las vegas real estate, home prices, las vegas housing market, KNPR's State of Nevada More Stories KNPRKNPR's State of Nevada Dec 28, 2015New Home Prices Soar Over Resales In Las Vegas KNPRKNPR's State of Nevada Jan 06, 2016Looking Ahead: The Housing Market In 2016 NPRThe Two-Way Jan 07, 2016China's Woes Are Growing, Along With A Debate: Is It 2008 Again? View the discussion thread home How to reach us About Support Twitter Facebook enews Instagram © All Rights Reserved| Privacy Policy (function() {var ga = document.createElement('script'); ga.type = 'text/javascript'; ga.async = true; ga.src = '//stream.publicbroadcasting.net/analytics/aabt.js'; var s = document.getElementsByTagName('script')[0]; s.parentNode.insertBefore(ga, s);} )(); Our Partners Now Playing Prev Play Next / My Queue Press Play to start audio Close (audio will continue) My Queue Nothing Playing Add some items to your playlist to play them. My Queue add to playlist play now remove clear playlist

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