Brick by Brick: Building A Future in Real Estate

The United States real estate market has had its share of ups and downs in the last decade. The recession in 2008 brought the market to its knees as foreclosures reached an all time high while leaving real estate investors in the red. Amidst the COV-ID 19 pandemic, many of those investors wonder what the aftermath will be this time around. While unemployment rates have reached over 14.7% in the United States, the future is uncertain. Many people are struggling to pay for basic needs and wonder when they will be able to return back to work. Others wonder if they will have a job to return to as businesses, like J.C. Penny, have begun to close some of their stores permanently.

However, starting a career in real estate is still an option for those who seek entrepreneurship. Investing in real estate has become widely popular among women who have found success in the industry. Tiffany Bannerman, a real estate developer, believes that starting a career in real estate is a great option for those who do not wish to pursue a four-year college degree. In fact, you can become a licensed real estate agent in as little as eight weeks.

As the economy continues to suffer, some may wonder if investing in real estate is a wise option. Bannerman is confident that things will look up for the real estate industry despite the current economic status. “Interest rates are at 3.5% percent which in my lifetime, I’ve never seen. People will take advantage of these lower interest rates”, Bannerman said.

Investing in real estate can be a gamble in any economy and doing the proper research beforehand can be useful.

When asked about the future of the real estate market, Bannerman is optimistic, “We are in a sellers market and I feel it will continue to be a sellers market”. Only time will tell what is to come for the real estate industry, but it is still an option to explore on the road to entrepreneurship.