New York City is one of the most exciting places in the world to live, but even well off professionals are increasingly feeling the pinch due to the high cost of living. With housing costs skyrocketing (the average rent in Manhattan is a staggering $3777 per month) and wages in most professions remaining stagnant, more and more New Yorkers are weighing the pros and cons and opting to move to more affordable markets.
It’s official: student loans have become a national crisis. Betsy Devos, United States Secretary for Education, said as much in November of last year, and with forty-four million borrowers now collectively owing a total of $1.5 trillion, even critics of the Trump administration agree. On both sides of the aisle, concern about how much money young Americans have borrowed in order to finance their education has fuelled widespread calls for reform.
But while it the 2020 election may in part be a battle about the future of higher education in America, with some prominent contenders arguing that college should be free, what should people who are deciding on their career path now do? Is there any way to achieve a solid middle-class income without taking on mountains of debt?
For many Americans, becoming a real estate agent is a great way to secure a second source of income, and can be a rewarding career in and of itself. In the thriving, dynamic real estate markets of states like Tennessee, Texas, New York, Pennsylvania, and California, dedicated, professional self-starters can quickly find themselves closing million-dollar deals on a wide range of different properties, from single-family homes to large commercial buildings.
But a real estate license can also be a stepping stone toward a staggering array of different jobs in the real estate world, which is one of the reasons why investing in the education and credentialing fees necessary to become a licensed Realtor can pay off so handsomely.
Over the last generation, Texas has undergone a surprising change. From being a state known for its oil barons and long-horned cattle, Texas has come to be hailed as one of the most exciting and dynamic parts of the country thanks to its nascent tech industry and attractive housing prices.
Cities like Houston, Dallas, Austin, El Paso, and San Antonio have put The Lone Star State on the map as a vibrant and cosmopolitan destination for people who want to sample the unique Tex-Mex culture, and the booming tech industry of Austin’s Silicon Hills means the state is now attracting more digital entrepreneurs than oil patch roughnecks.
The New York City real estate market has long been considered one of the most desirable in America, if not the world, and for years real estate owners took for granted that New York City was always going to be a seller’s market.
That started in change in 2018. A slowing market and a glut of luxury properties in Manhattan that were planned and designed at a time when demand was much higher have led to a surplus of high-end housing and shrinking demand. According to an article in The New York Times from earlier this year, it will take as long as six years to sell the 8,000 new units in Manhattan alone if sales rates remain stable.
There has been much speculation this year about the state of California’s housing market. But while headlines predicting a cool-off in 2020 may be giving real estate investors pause, there is one segment of the industry that stands to gain just as much from a downturn as it has from the meteoric rise of housing prices in San Francisco: realtors.
Realtors are in a unique position when it comes to taking advantage of fluctuations in real estate pricing because they benefit both from seller’s and from buyer’s markets: either way, people need expert help in managing real estate transactions.
New York City — the capital of world finance, and one of the most culturally and artistically dynamic cities in the world, no market is quite as desirable as this one when it comes to building a career as a realtor.
But what does it take to make a career in a competitive industry in one of the most competitive cities in the world? How can you make sure that your dream of becoming a real estate agent in New York City will lead to success rather than failure?
Over the past few months, it has become commonplace for media outlets covering real estate in California to issue dire warnings about an upcoming collapse. After years of rising house prices, net migration, and growth in the San Francisco Bay Area, San Jose, San Diego, and Los Angeles areas, many experts have started to issue warnings that the trend cannot hold.
But while these predictions have been issued with relative frequency over the past year, the much-hyped slowdown has yet to show real signs of taking hold. This is probably due to the fact that, despite rising prices, California remains an incredibly desirable place to live and work.
There was a time when Texas was synonymous with wide-open ranges, natural beauty, oil wealth and a hardscrabble can-do attitude. But while the Lone Star State still maintains its proud traditions and unique culture, the average Texan in 2019 is far more likely to be an upwardly mobile suburbanite than a cowboy or roughneck, and booming hubs like Austin are putting Texas on the map as America’s next epicenter of tech development.
Real estate is an incredible opportunity for anyone who wants to make a career change in a short period of time. It’s a career that’s perfect for anyone who has a passion for properties and houses, and anyone who wants a career helping people find their dream homes.
Working as a real estate agent is a demanding career, but also a rewarding one. There’s also more to it than helping people buy or sell single-family residences. You can work in rentals, condos, luxury houses, commercial real estate, industrial real estate, and more. Plenty of real estate agents earn extra money by working as property managers, and some combine their real estate licenses with further education to work in real estate analysis or appraisal, working for developers, or managing the real estate assets of major corporations not directly in the developing industry. Some even earn their real estate licenses just to save money when they buy or sell their own houses, or to become house flippers and real estate speculators.