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recent survey by Redfin found that 71% of active real estate agents failed to close any home sales in 2024. This staggering figure highlights the difficulties faced by the industry, including affordability and inventory shortages. The National Association of Realtors (NAR) reported a contrasting statistic, with only 5% of its members having zero transactions in 2023.

    According to Inman, outside of brokerage issues, home affordability and inventory topped the list of challenges for agents over the next five years. Agents are also struggling with home insurance, particularly in states like California and Florida, where environmental concerns such as storms and flooding influence buyers' decisions.

    Despite these challenges, half of active agents surveyed expect an increase in home sales this year. The NAR notes that 88% of home purchases were made through a real estate agent or broker, emphasizing the importance of agents despite online home searches.

    Experts predict improvements in the housing market, with rising incomes and inventory levels expected to boost sales. Mortgage rates are anticipated to stabilize around 6.5% by year's end, according to Bankrate, while housing inventory is projected to increase as more homeowners prepare to sell.