It's going to be a tough year for real estate.

Con - less action this year.

Pro - If you can cut your teeth this year, you have a great chance of having a quality career.

Good luck, it's an awesome field!

😀 I’m really happy for you! GL 🤗🤗

Why do you say less action this year?

While all areas are different, as a whole prices are down due to higher interest rates lowing motivation for a lot of sellers. The industry is contracting some this year which will force lazy agents out. This is something noticeable in how many mortgage companies are going out of business. It will of course rebound, but 2023 will be tight for a lot of markets.

My market is very much investment-property heavy and all the agents I’ve spoken with have talked about how the “beach is insulated,” but I do agree it’ll be a low year. Thanks for the good luck!

Thank you!

Lending rates are climbing, which means it’s harder for people to get loans to buy property with. And sellers don’t want to let go because they haven’t really realized that their property is actually dropping in value, also they don’t want to sell because they want to put their money somewhere else but don’t want to pay the ridiculously high rates

Thank you for reply, I have much to learn

Thank you for reply I have much to learn

Not trying to rain on your parade but as someone who used to sell real estate, unless you have a mentor who’s an already established realtor to give you real leads, it’ll likely be a few years before you’re actually making money. It is recommended that people starting out as realtors to have 2-3 years worth of living expenses saved. It’s also not a great time to become a realtor because the market has slowed down, interested rates have gone up and the market is going to crash in the next year or two. It’s a great career and I’m happy you’re realizing a dream, I just hope you have realistic expectations for it.

Thanks man, I'm fortunate to have a great mentor, and the market I'm focused on is investment properties for cash buyers. Luckily I've got a lot of great connections from my current position (which I don't plan to leave immediately, btw) that are looking to scoop up properties in the area this year. But I do appreciate that advice and insight!

Oh good, that is great to hear. I’ve seen far too many people think it’s just going to be easy with no connections and they just get blindsided by the realities. Usually cash buyers investing in properties already have a realtor they use for everything they buy so that seems like a tough market to crack, but more power to ya. Best of luck.

Thanks dude!