Monday, July 29, 2019

You Want to Be a Real Estate Agent?




CALCULATOR

So You Want to Be a Real Estate Agent?

If you work in one of these 10 places, you’re more likely to succeed.

Real estate agents can make a good living, but how well they do depends a lot on where they’re working, according to a recent study by WalletHub.
Where are the best places to sell real estate — and the worst?
To find out, the study considered 19 factors in two categories: The first category focused on the health of the local housing market, including home prices and the pace of sales; the second looked at job-related factors, including the average number of sales per agent, median starting income and the difficulty of getting licensed in a given area.
In all, 179 metropolitan areas were analyzed, including the 150 largest in the United States and at least two of the most populous cities in each state.

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The following are the 10 best and worst places to work as a real estate agent, the study concluded, along with the decisive factors in each case.


BEST
WORST
1
Seattle
170
Albuquerque
Low number of days on market,
high building permit activity
Low starting income,
few home flips
171
Jackson, Miss.
2
Salem, Ore.
High unemployment rate,
low median home price
High number of sales per agent,
high income growth (2015-17)
172
Fort Smith, Ark.
3
San Francisco
Low starting income,
low median home price
Highest median home price,
low unemployment rate
4
Oakland, Calif.
173
Gulfport, Miss.
Low number of days on market,
homes sell close to asking
Low starting income, low need
for real estate jobs through 2026
174
Fayetteville, N.C.
5
San Jose, Calif.
Low starting income,
high number of days on market
High median home price,
low unemployment rate
6
Denver
175
Corpus Christi, Tex.
High starting income,
high building permit activity
High number of hours for licensing,
poor Zillow home value forecast
176
Detroit
7
Fremont, Calif.
Lowest median home price,
high unemployment rate
High median home price,
low number of days on market
8
Boston
177
El Paso
Low unemployment rate, low number
of hours needed for licensing
Low wage growth (2015-17),
high number of hours for licensing
9
Washington
178
Shreveport, La.
High need for real estate jobs
through 2026, high starting income
High unemployment rate,
high number of days on market
179
Brownsville, Tex.
Phoenix
10
High annual wage growth
(2015-17), high home turnover rate
Low median home price,
high unemployment rate
Source: WalletHub
By The New York Times
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A version of this article appears in print on , Section RE, Page 2 of the New York edition with the headline: But It’s All About Location, of CourseOrder Reprints | Today’s Paper | Subscribe
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