Sunday, November 4, 2012

Topic #7 Overview of Real Estate Finance 11/4

Real estate is a very broad category, thus leading to many different careers in real estate.

This website lists some of the numerous careers in real estate. http://www.realtor.org/realtororg.nsf/pages/careers

Certain careers include:
Real estate appraiser
Real estate broker
Real estate analyst
Property manager
Urban/land developer
Real estate counselors

Employers of the real estate profession is basically endless as most businesses conduct with real estate is some way or another. This website shows some of the major real estate firms in the United States. http://www.careers-in-finance.com/retop.htm

Some of the tops firms include:
Trammell Crow
Lincoln Property
JMB Realty
Grubb & Ellis

The real estate market took a huge hit when the "housing bubble" burst in 2007-2008. Today, it is improving with many cities seeing prices higher than before the housing bubble burst. Cities that weren't affected by the burst and are doing well today are cities like NYC, Houston, Dallas, LA. Cities hit hard by the crash include Detroit, Las Vegas, and Miami.

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