One of the biggest US markets of realty – California real estate market has also been affected with the international recession last years. Taking into account the fact that this state population increase was about 15%, no need to be an outstanding economist so that to understand why it happened. Real reason for this was real estate boom: before the housing bubble the overall amount of real estate agents was around 300K in this state only, and all of them were acting within California real estate law, which means that all of them had at least one California real estate license, or even more.

The facts are saying that this type of business was as lucrative as conspicuous. Now it is enough to go to any online auction site and look through California real estate directory listings in order to understand that the business there is not dead, but it is also prospering in some places; one more thing to it: California is one of the biggest donor state in the States. No need to emphasize that even during such hard economical period, this area stays a very attractive business hub with many possibilities under new conditions. But everyone should stay realistic as well, because industrial sector of this state and other donor states are not able to bring up the real estate to the recent level; and no compensations can revive the weakened housing market in the near future: without a job real estate becomes of secondary priority for the most of people.