Seriously Interested In Real Estate, but what is the market like at the present moment?
I’m from Chicago, IL but is currently in Memphis, TN attending school. My major is Business Administration with a concentration in Real Estate/Finance. This is something I would like to seriously pursue, however the market at the moment from my understanding is not great right now. What are the things I should consider before making this move that is, where to start?? I also would like to eventually branch off and start my own establishment either in the Chicago or Memphis area. Any experienced brokers/agents with great advice would be extremely helpful.
The market is going strong in the lower price ranges. The $8,000 tax credit is keeping sales booming under $200,000. The higher prices are having troubles. That may change with the recent $6,500 tax credit for established home owners who buy a new residence.
It might be a good idea to learn the business during the "slow" times. Then you will be ready when the good times return.