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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mrshowell2001

Ahh, real estate...now that things are seeing some recovery in the housing market, the carfpetbaggers will come out. Those are the people who think real estate is easy, and leave fast when things get rough. You need to have enough money to live pay free for year or more, to market yourself effectively and plenty of smarts to learn what doing real estate really demands.
I started this just at the time the market tanked, and learned how to do short sales. I've been working 13 hour days, seven days a week since 2009, and now I'm finally seeing the reward of my investment of time and money.
REAL real estate agents are in for the long haul, whether or not the market is good or bad. This is not a field for people who want to get rich quick.

February 19 2013 at 2:32 PM Report abuse +1 rate up rate down Reply
Greg&Patty

It's a shame that the economic driving for in the U.S. these days is property-real estate. Not really an inovative advancing industry other than new tech building ideas & appliances...
A lot of people & Banks supporting themselves [or being supported] by pushing paper.
All the while real job gaining industries follow behind.

February 11 2013 at 2:05 PM Report abuse rate up rate down Reply
royjoneswolf62

I figure it would be politicians. Good pay for doing absolutely nothing.

February 11 2013 at 12:09 PM Report abuse rate up rate down Reply
yurday6

Did they say house flipping, another bubble on the way. People so desperate for work they can only rely on real estate flipping. This is sad and will create another round of a housing bubble. The banks are still at it too. This is a bad sign that nothing good is about to come in this lousy economy.

February 11 2013 at 10:56 AM Report abuse rate up rate down Reply
1 reply to yurday6's comment
Kinn

The only different that I felt is that the Chinese are shopping in the US real estate market with cash rather than risking the subprime mortgage.

July 11 2013 at 5:04 AM Report abuse rate up rate down Reply

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