According to a recent survey by the National Association of Realtors (NAR), a quarter of those individuals making their living with a real estate license believe that the market is improving. Although the number of agents and brokers with a real estate license decreased by just over seven percent last year, those who are still working in the real estate industry believe that the market is not only showing improvement, but will continue to get better over the next couple of years.
Largely in part to the improvement in the real estate market the majority of agents and brokers currently working in real estate say they will continue to do so in the coming years. The NAR also suggests that diversity in real estate helps sustain your career in real estate during this time of financial crisis. While 80% of real estate agents and brokers specialize in residential real estate, 97% of those who earn a living with a real estate license have other areas of focus.
With unemployment still a big issue across the country, there are more promising statistics in real estate careers. The Bureau of Labor Statistics believes that job opportunities for those with their real estate license will increase 14% over the course of the next eight years. In most states you can complete the real estate courses that are required to take the real estate license exam in just a few weeks. Real estate schools offer online real estate training at a fraction of the cost of traditional college classes. The ease of the process to earning a real estate license along with the encouraging information from the Bureau of Labor Statistics is making real estate a great opportunity for anyone looking for a new career path.
Even as the federal tax credit expires the incentives to get into the real estate market continue. Affordability is at an all time high while interest rates are at historic lows. There has never been a better time for buyers to find the home they have always dreamed of or for investors to find the most unbelievable real estate deals that anyone has seen in decades. Seller incentives and state rebate programs also continue to be available.
The real estate market is showing no sign of slowing as it makes its steady climb to recovery. An increasing level of market confidence by both real estate agents and consumers is further indication of the strengthening housing market. Whether you are looking for a career filled with opportunity for prosperity or you currently have a real estate license, 2010 is looking like it is going to be a great year in real estate.
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About David Goldstein — David Goldstein is an Owner and Founding Partner of Express Schools, LLC. which operates online education providers Real Estate Express, Insurance License Express and License Tutor. Follow him on Twitter.