There are some who would disagree with this logic however; they would say that this has all happened before. Looking back in history we can see that every situation occurring right now has occurred in some way, shape, or form in either recent history or ancient history. No matter when it happened, it happened. Then there are those who would blame it on the war. In fact, blaming the economic crisis on the war would probably make a lot more sense than actually blaming it on the real estate situation because experts believe that the future of the housing industry is bright and cheery; real estate jobs along with property jobs are plentiful.
Just like with any other market, the housing market and real estate jobs are susceptible to the laws of supply and demand, meaning that if the supply is there, so too will be the demand. So long as there are houses to buy, people will buy them, and there will be real estate careers available, but there are other factors to look at as well.
When smaller number of homes and land are available, people with property jobs find that the prices skyrocket, but when there is too much available then the prices go down. While we do have a lot of extra houses available right now, there is something to remember. What you need to keep in mind is that when there are too many houses the costs are low, indicating that the excess houses will soon be off the market. This means that the prices will go up and the real estate industry will begin its ascent once again. As a result more real estate careers will open up. Is there a danger of the market returning to this state? Not in the immediate future, no. You have to keep in mind that there are compliance laws in place that make it much harder to build new homes.
Something else to note is that some houses are in much higher demand because of where they are located. A family with children might be more interested in finding a house that is not only near a decent school district, but is also in a good neighborhood. No family wants to move into a section of town that is overrun with violent crime, because the schools would likely reflect this. Those with property jobs are well aware of this fact.
Another factor that needs to be taken into account is whether or not the houses are near workplaces. People are always going to need employment unless we somehow get rid of currency and move to a system where everyone is allotted a house and some rations, etc. If a house is close to a place of employment then you will find that it's value will rise and people will be willing to pay a lot more for it, especially if it's one of a few houses that actually exist in that area.
There are significant changes in the real estate market but nothing that is going to affect it permanently. Just keep watching and there is no doubt that it will get better, and real estate jobs will be here to stay.
