Does it seem like everyone you know is getting into real estate? In California, it's not far from the truth. The California Department of Real Estate reports that about one in every 75 residents in the state now has a license to transact sales. However, with limited inventory available to sell, rising interest rates, and a slightly cooling market, the California Association of Realtors predicts that the ranks will thin out over the next 18 to 24 months.

Learn more about markets featured in this article: Los Angeles, CA.