Why do you want to earn your real estate license? Every year, thousands of people become practicing, full-time or part-time real estate agents. It’s a fast-growing profession because the pay is appealing and the freedom of working for yourself is a dream for many.
Want to know what happened in the New York City real estate market last year? Now that 2018 is behind us, it’s a great opportunity to look back and see how the market changed and whether those trends will continue into 2019.
As a real estate agent, you need to stay up-to-date on market changes and trends. In a city that’s as fast-paced as New York, it can be easy to miss important changes when you’re up to your neck in work. Now that you have a chance to catch up, it’s time to get a bird’s-eye view of the market you experience day in and day out.
Buyer’s Market in Manhattan
The big story of the past year in New York has been declining prices and declining sales in Manhattan. For the fourth straight quarter, sales volume and prices dropped across Manhattan. Right now, Manhattan is something of a buyer’s market – at least compared to years past. It may not sound like good news for real estate agents, but in one of the most expensive cities in the world, lower prices could mean reprieve (and renewed interest) for first-time buyers, and opportunities for real estate investors looking to capitalize on discounts.
Working in real estate could be your ticket to freedom and success. You get to decide when you work and who you work for. You earn commissions with every property deal you close that go straight into your pocket. Real estate agents are independent and they can make big pay checks.
Real estate agents are in demand. With 5.5 million existing homes sold every year, and a further 600,000 new construction builds sold in 2017, there’s plenty of room for new real estate agents every year. The number of real estate agents is expected to grow 6 percent over the decade from 2016 to 2026, matching average growth in other occupations.
There’s no place in the world like California. Between its Mediterranean climate, a huge and diverse economy that includes everything from agriculture to Hollywood to Silicon Valley, and better tacos than anywhere in the United States, living in the Golden State is a pleasure and a dream.
No wonder it has one of the hottest markets in the country for dream homes. In California, the luxury market consists of houses priced over $1 million. However, there’s no hard and fast definition of a dream home – it’s whatever you want it to be. Whether it’s a 10,000 square foot mansion overlooking the Pacific Coast, a modest cottage lost in the pine forests, or one of San Francisco’s Victorian “Painted Ladies,” dream homes come in many shapes and many sizes for all buyers.
What does it take to become a real estate agent? It’s a career that fits many different types of personalities and lifestyles. Whether your goal is to work part-time and generate some extra income while you raise a family or find a way to make a fortune, a career as a real estate agent can work for you.
#1 You Have an Entrepreneurial Spirit
Have you always dreamed about getting into business for yourself? You don’t need to develop the next app to become a self-employed entrepreneur. You can start your own business as a real estate agent as soon as you earn your license.
New York City has one of the biggest, most expensive real estate markets in the United States. The opportunities are endless, from single family homes in Queens to luxury apartments in Manhattan. If it weren’t exciting enough already, with the news that Amazon HQ2 will be moving to Long Island City, real estate in the city is about to heat up even more.
The real estate market in Texas is one of the most exciting in the country. With a strong economy and job growth, Texas has become one of the fastest-growing states in the country. Texas cities are growing faster than many other parts of the United States, with San Antonio, Dallas, Fort Worth, Frisco, and Austin all among the top 15 cities in the United States for numeric growth in 2016, a trend that’s continuing as more people relocate from the Northeast, and cities like New Braunfels, Plfugerville, Georgetown, McKinney, and Flower Mound joining Frisco among the highest percentage growth cities at well over 4% per year.
Have you been thinking about becoming a real estate agent? Your real estate license is a fast way to make a career change. Stop limiting your potential; becoming a real estate agent lets you go into business for yourself. Let your hard work benefit you. Here’s everything you need to know about quickly becoming a real estate agent.
Note: These requirements apply state wide.
Do you need a career change? You never know if your first (or second) choice of a career is going to be the right one. School doesn’t always prepare you for the realities of doing the job you set out for, and plenty of people make mistakes along the way. You’re better off making a career change now than getting stuck in a rut.
Sometimes the mistakes you make in your previous career choices can tell you what it is you really want from your job. If you like independence, the freedom to work around your family life or a second job, or an unlimited earning potential, real estate might be the industry for you. Working as a real estate agent is flexible and getting your real estate license in NY can open even more career opportunities.
Have you been thinking about a career change? A career change can take a lot of time and money to get the proper retraining and qualifications, but not every path has to take four years and tens of thousands of dollars. Getting your California real estate license is easier and more affordable than getting a college degree, and it opens the door to new opportunities, a higher income, and independence in your work life.