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Best Places to be a Real Estate Agent

Editorial Team September 25, 2019 Comments Off on Best Places to be a Real Estate Agent
Best Places to be a Real Estate Agent

Real estate agents are only as successful as their market is busy. So if you’re considering becoming a real estate agent, or you’re looking to relocate to improve your real estate business, you need to work in the hottest real estate housing markets available. While some popular real estate markets stay constant, there are always cities jumping around the list of the best places to purchase real estate.

Before we dive into our list of the most popular housing real estate markets (and therefore the best places to be a real estate agent), let’s take a look at some of the real estate trends we’ve seen pop up in the past couple of years.

Real Estate Trends

The Great Recession

The Great Recession between the years of 2007 and 2009 has had lasting effects on today’s real estate market. As with any point in the economic cycle, most jobs and the largest job markets are almost always going to be found in the largest cities nationwide.

When the Great Recession hit the United States, many people migrated to the largest cities in America with the intent of finding jobs. While not everyone purchased real estate when they moved (it was a recession after all), the economy has since recovered, and many of those people stayed in those larger cities and purchased homes, making those real estate markets sparse and expensive.

Secondary Markets

As we mentioned above, the end of the Great Recession made it more difficult than ever to purchase real estate in large cities, causing people to turn to secondary real estate markets. The secondary real estate market consists of smaller cities that either stand by themselves, or are adjacent to those hot primary markets.

Many residents of primary markets are looking to make the move to secondary real estate markets where their chances of finding the perfect home are much higher. Additionally, people looking for a fresh start are choosing secondary markets as opposed to the often over-populated primary markets for the same reasons.

Coastal Moves

If you’re looking to stretch your money and get the largest bang for your buck, you’re not going to want to move to the coast, you’ll want to move to the middle of the country. Many Americans are making the move from their coastal homes in California, Florida, and New England to places like Ohio, Texas, and Tennessee. Not only are these inland states experiencing a boom in jobs, but the cost of living is significantly lower than some of the nation’s coastal states. These trends are making inland states more attractive than ever.

The real estate trends of the past decade have set the real estate stage for 2019. In fact, PwC reports that over the next five years, the nation’s largest cities like Los Angeles, New York, and Chicago are only going to see a .2% growth. On the other hand, secondary markets like Phoenix, Charleston, and Boise will see a growth rate of 1.6%. That being said, let’s dive into the nation’s hottest markets and the best places to be a real estate agent!

Where are the 10 Best Cities to Sell Real Estate?

These are the ten best cities (sorted by population) to be a real estate agent because of their growing residential popularity, steady increase in job availability, and at least a 50% increase in existing home value.

  1. Dallas, Texas
  2. Austin, Texas
  3. Fort Worth, Texas
  4. Columbus, Ohio
  5. Charlotte, North Carolina
  6. Denver, Colorado
  7. Nashville, Tennessee
  8. Las Vegas, Nevada
  9. Atlanta, Georgia
  10. Boise, Idaho

Now we’ll take a look at these cities individually, but first some housekeeping items. Most of the following statistics are from PwC (PricewaterhouseCoopers), while the population statistics are from worldpopulationreview.com. For further context and for comparison purposes, here are the national averages of population and employment growth.

  • 5-Year Projected Population Growth: 0.7%
  • 5-Year Projected Employment Growth: 0.6%

Dallas

  • 2019 Population: 1,379,735
  • 5-Year Projected Population Growth: 1.7%
  • 5-Year Projected Employment Growth: 1.4%

Austin

  • 2019 Population: 1,001,104
  • 5-Year Projected Population Growth: 2.3%
  • 5-Year Projected Employment Growth: 2.0%

Fort Worth

  • 2019 Population: 913,939
  • 5-Year Projected Population Growth: 1.7%
  • 5-Year Projected Employment Growth: 1.4%

Columbus

  • 2019 Population: 890,228
  • 5-Year Projected Population Growth: 0.8%
  • 5-Year Projected Employment Growth: 0.7%

Charlotte

  • 2019 Population: 889,019
  • 5-Year Projected Population Growth: 1.5%
  • 5-Year Projected Employment Growth: 1.3%

Denver

  • 2019 Population: 732,144
  • 5-Year Projected Population Growth: 1.3%
  • 5-Year Projected Employment Growth: 1.2%

Nashville

  • 2019 Population: 679,318
  • 5-Year Projected Population Growth: 1.4%
  • 5-Year Projected Employment Growth: 1.3%

Las Vegas

  • 2019 Population: 664,304
  • 5-Year Projected Population Growth: 1.4%
  • 5-Year Projected Employment Growth: 1.7%

Atlanta

  • 2019 Population: 501,178
  • 5-Year Projected Population Growth: 1.3%
  • 5-Year Projected Employment Growth: 1.0%

Boise

  • 2019 Population: 231,773
  • 5-Year Projected Population Growth: 1.6%
  • 5-Year Projected Employment Growth: 1.3%

Ready to Start Your Real Estate Career?

Now that you have a better idea of the best places to be a real estate agent, are you ready to take the plunge into a new career? The best way to prepare yourself for a career in real estate is to start with a Real Estate Pre-License course. Sign up for your course today!

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