2019 Was A Damn Fine Year To Be A CRE Broker

[PL1957]

According to the results of a new nationwide survey, 2019 was a very good year to be a real estate broker, with a benign economy and low interest rates allowing brokers to make more money. According to a nationwide poll undertaken by Apto, the results of which are revealed exclusively by Bisnow, 58% of brokers said they made more money in 2019 than in 2018, about the same proportion who saw an increase between 2017 and 2018. A further 12% said they brought in about the same amount in 2018 and 2019

Read more at: https://www.bisnow.com/national/new...email?utm_source=CopyShare&utm_medium=Browser

 

[Stephen J. Vertin MAI]

It was not a good year to be a commercial industrial real estate appraiser in Chicago. According to tax returns, 2000 to 2003 were some of the best followed by 2010 to 2012. It seems we always do better in recessionary climates.

 

[Deleted member 126639]

It was not a good year to be a commercial industrial real estate appraiser in Chicago. According to tax returns, 2000 to 2003 were some of the best followed by 2010 to 2012. It seems we always do better in recessionary climates.

I have often heard that Chicago is the worst market in the country of fees versus cost of living, and has been for a long while.

But this is due to the continued impact of strengthening of the USD, particularly via domestic policies - first the budget surplus years decreased the domestic supply of dollars artificially increasing the global scarcity, then we had the various bank bailouts of 2008/2009. Both periods saw declines in industrial production as a strong dollar means our exports are too expensive.

We will in time be transitioning back to a new Bretton Woods System and you can expect the USD to lose 20%+ of its value. This will lead to an industrial boom. You endured the aftermath of the Nixon Shock this long. Your patience will finally pay off!