We are already seeing a correction in both industries. Many, many people jumped in to become realtors because of the boom and the thoughts of 'easy money.' Now that the market is stumbling around, many realtors have little work and get out of the business or the work becomes harder and they are no longer interested in it.
The market corrects itself a bit, it drives down the realtor numbers. Happens the same with loan officers...bad ones no longer get business as they did when there was a ton of work and they are weeded out.
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