The self-employed real estate sector in the US has shown fluctuations over the past decade. In 2023, the sector stood at 563.0 thousand units, reflecting a steady recovery from initial declines in 2014 and 2015. The significant surge of 24.5% in 2020 followed by stabilization indicates a sustained interest in self-employment within real estate. Year-on-year growth rates for the last two years were -0.36% in 2022 and 1.08% in 2023. The Compound Annual Growth Rate (CAGR) for the past five years stands at 3.68%. Future forecast predicts a steady increase with an average annual growth of 0.8% over the next five years, reaching approximately 592.0 thousand units by 2028.
Future trends to watch for:
- Technological advancements and digital real estate platforms impacting self-employed roles.
- Economic fluctuations influencing real estate investments and self-employment rates.
- Policy changes and taxations affecting the self-employed real estate sector.