Don’t believe the media hype…the worst of the slump is over, but don’t expect the market to turn around for a while. Sure, we’ll still see both sales and prices decline over the next year or two as housing settles into normal market conditions. Look for about 3-4% in San Diego over the next year (a bit more in parts of LA and Orange County)and it’s true, Vegas will get hit harder than most areas, but the doom and gloom projected by most on this blog may be over-stated. Most, if not all, respected housing economists don’t see it happening. Don’t rely on the real estate industry either, though. They’re obviously biased.
That being said, is it a good time to get into the industry? I would say no, unless it’s something you want to do long term. Again, it’s true that many agents are struggling right now and I expect many to leave the industry. Loan officers, too. I would talk to a few brokers and see what they have to say.
Finally, agents have to work for a broker. You will get your RE sales license and go work for a broker. You will be considered a real estate agent at that point. Later, you can get your brokers license if you want. I hope that helps.
