With The Housing Market Recovering, Is It Time To Become A Real Estate Agent?
With still over 12 million Americans unemployed, many are contemplating a jump to a completely new field. And few second (or third, or fourth) careers are as popular as the real estate business. The housing market is rebounding faster than jobs, and most analysts are optimistic that home prices will continue their upward trend. But is 2013 a good year to try your hand at house-flipping, or to buy a house to rent out, or to become a real estate agent?
This week's "AOL Jobs Lunchtime Live" segment tried to tackle these questions with the help of three expert panelists: Jed Kolko, the chief economist of listing site Trulia, Graham Wood, the editor of AOL Real Estate, and Dan Thiewes, a Realtor with almost three decades of experience (and father of AOL Jobs Associate Editor Jake Thiewes), offered their wisdom on whether to enter the real estate business now, and what opportunities and risks to expect in the kind of battered and unpredictable housing market we haven't seen in a generation.
"Right now we're seeing a couple different things than we've seen the last many years," said Kolko. For one, there's a lot of pent-up demand, as people delayed buying during the worst of the recession. As Thiewes put it: "Today's houses don't stay on the market long at all."
Watch the two-minute highlight reel, or the full half-hour conversation below. And check out our other stories on how to become a real estate agent, how to flip a house, and tips for landlords dealing with deadbeat tenants, evictions, raw sewage leaks, and ... this.
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Claire Gordon has contributed to Slate's DoubleX, the Huffington Post, and the book Prisons: Current Controversies. While an undergraduate at Yale University and a research fellow at Yale graduate school, she spoke on panels at Yale and Cornell, and reported from Cairo, Tokyo, and Berlin.
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