<<< back to article list

How Many Realtors? Mortgage Equity Withdrawals and the 51 Black Mountain Blvd is Open

  • +1

Blog by Doug Ingersoll | March 24th, 2016

According to the Arizona Department of Real Estate, as of 3.1.16 there are 40,334 active real estate salespeople in Arizona. This is a 3.67% jump from the same time last year. In addition, there are 12,059 inactive licensees as well - those that are licensed but not currently working with a broker.

From Elliott Eisenberg - the Bowtie Economist: Mortgage Money   
Mortgage equity withdrawal as a percentage of disposable personal income peaked at 6% in 1985. It then steadily declined, bottoming out at 0% in 1994. It then reversed direction, peaking at 9% during the three years ending June 2006, an annual amount equal to $900 billion! It then went into freefall, bottoming at -8% in late 2010. It's been rising quite steadily since and is again roughly 0% of DPI.