January is the month many people think about making a career change. For those contemplating earning their real estate license, the market news couldn’t be better. The National Association of Realtors just released a report showing that home sales in 2013 rose to their strongest level in 7 years! And NAR president Steve Brown sees that trend holding for 2014.
So if you have been thinking about getting your real estate license online, now is the time. With the great opportunities in online education for Real Estate agents, you can get your license in a matter of weeks and start your real estate career this year!
Read all the great news for up-and-coming Real Estate Agents at Realtor.org:
“Existing-home sales have risen nearly 20 percent since 2011, with job growth, record low mortgage interest rates, and a large pent-up demand driving the market,” says Lawrence Yun, NAR’s chief economist. “We lost some momentum toward the end of 2013 from disappointing job growth and limited inventory, but we ended with a year that was close to normal given the size of our population.”
Existing-home sales rose 1 percent in December 2013 compared to November and reached a seasonally adjusted annual rate of 4.87 million.
Existing-home sales for all of 2013 reached 5.02 million sales, 9.1 percent higher than 2012, and the largest rise since 2006 when sales were at 6.48 million at the close of the housing boom, NAR reports.
Home prices were also on the rise in 2013, up 11.5 percent over 2012, with a median existing-home price of $197,100 last year compared to $176,800 in 2012. It was the strongest gain in home prices in a year since 2005, when home prices rose 12.4 percent, NAR reports.
NAR President Steve Brown says that with job growth expected this year, home sales should hold despite rising home prices and higher mortgage rates.