Is Real Estate Brokerage Still A Good Career?

Over the past weeks I have been asked if real estate brokerage is still a viable career?  There was a large exodus of licensees right after the real estate 'bubble' burst.  Full timers became part timers and part timers said they were looking for a 'real job'.  Of course, real estate brokerage, working for buyers and/or sellers is a real job.  Who were these people who gave up their licenses or became inactive?  These were people who were not 'making it' in real estate.

Many real estate brokers and salesperson stayed in there.  If business is off 25%, then some one is making the 75%.

With interest rates still phenomenally low and inventory dropping down, it has becomes somewhat of a sellers market.  Perhaps that is why we still have a good attendance at our Massachusetts real estate salesperson classes.   And that is good.

Poll of Quincy Real Estate Agents

In a recent poll of Quincy Real Estate agents to determine their opinion of the local market, 68% said that the prices of existing single family home was still dropping, and the other 32 % said that prices a\have stabilized.  When it came to estimating the sale activity, 88% responded that the market is still slow and only 12% answered that the market had finally stabilized.

The view of the multi-family was slightly more optimistic.  53% of those who answered the surveyed felt that sales were still dropping, 33 %  and 14% saw a slight improvement in prices.  This optimism was also reflected in viewing market activity, 13% seeing an improvement in sales, 27 percent saying that sales levels are relatively stable and 60% still seeing a decline in the market.

What's happening in your town?