Transforming Real Estate Industry in 2010

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How have the mortgage crisis and the faltering US economy affected prospects for real estate careers in the US? The property market has never been as depressed as of late for quite a long time now with so many foreclosures and many homeowners falling behind their mortgage payments particularly due to the massive lay-offs in the economy. With the economy coming back from the brink of a disaster and government input, like the first time homebuyer tax credit of up to $8000 and the Making Home Affordable Program (MHA), to allow 7 to 9 million homeowners in the US to avoid foreclosure by restructuring and refinancing their mortgages, the prospect for a viable real estate employment market remains - where various real estate jobs will thrive while others will falter in the upcoming months. Already there has been major downsizing across the board in the real estate industry in 2009. Nevertheless, many opportunities will still abound for real estate job seekers.

Property manager job openings have been thriving in this period of upheaval in the real estate industry. The foremost quality in property manager jobs is the ability to be self-motivated. You will want to make sure that you are outgoing and easily get along with people while maintaining a formal composure. Property manager jobs can be emotionally challenging especially when it has to do with foreclosing and evicting. What is required is a comprehensive capacity to deal with homeowners or tenants and homesellers. Hence, good and smart communication skills are valuable.

Many foreclosed homeowners are turning to the rental market and opportunities abound for leasing agents. Leasing consultancy requires good interpersonal relationship skills. The emphasis here is on the customers and how to best satisfy their needs. It is important to be able to make a good sales pitch. You will need to know that applicants have the appropriate background information before they are qualified for leasing.



Opportunities exist for real estate brokers as there are many first time homebuyers out there given the current depressed property prices. Real estate brokers will need a license to operate in their States. Home sellers are always out for the best value for their properties. It is important to have specialist knowledge of the overall real estate market in your area as well as understand market trends.

Real estate careers in underwriting have taken a hit as banks are less willing to underwrite new mortgages. However, housing sales have been picking up in some postcode areas and opportunities are available. Diligence is a key attribute for the underwriter with the need to adhere to internal procedures.

Property Inspectors openings will continue to be significant for the upcoming months due to the high number of foreclosings and the prospect of many more foreclosures as a result of massive lay-offs in the economy. A key asset here is the ability to remain self-motivated. Employers are seeking individuals that can work autonomously and efficiently. This is mainly a solitary and an on the field job. Good report writing skills are an asset.

Maintenance technicians are very much sought after with the need to renovate foreclosed properties. Basic repairs skills in carpentry, plumbing and electrical repairs are necessary. Reliability, availability, and thoroughness are key personal assets.
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 market trends  home owners  real estate agents  consultants  real estate  job openings  prospects  foreclosures  payments  mortgage crisis


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