Statistics show that the U.S. property market has been enjoying steady growth since 2006. Strong demand fueled by the psychological effect of increased mortgage rates, coupled with the growth in supply has opened lucrative opportunities for real estate professionals. All of this has led to renewed interest in a career in the property industry.
Although many will find the job rewarding, there is perhaps no other professional who will enjoy the real estate career more than the millennials. Experts from real estate education provider, CBTRealEstate.com, say that the job fits Gen Y’s work ethics perfectly.
A Job that Values Work-Life Balance
Everyone longs for a career that offers work-life balance, but millennials will go great lengths to make it happen. Gen Y is constantly looking for greater flexibility in terms of where, when, and how they’ll work. A career in real estate can give you just that.
You’ll never have to worry about sticking to a 9-to-5 schedule when working in the property business. The only challenge is to keep up with your client’s schedule, but for the most part, the job allows flexible hours. In addition, you get to choose your work environment, because with technology, you can talk to clients from wherever.
A Sense of Community
Other than the work-life balance, millennials value collaborative culture over the command-and-control approach. This generation wants more social interaction — and this is something they can look forward to with a career in real estate. The job requires the use of people skills that will build strong relationships with clients.
You have to immerse yourself in the community. Smart real estate agents spend time learning all about local neighborhoods and market conditions. Simply put, they build their presence in the community.
Towards a Tech-Centric Career
Technology has dramatically changed the way people buy, rent, and search for properties. They are in fact more dependent on their smartphones, making their decisions based on information available on the Internet.
Real estate has evolved into a tech-conscious industry. Millennials who grew up having mobile devices on hand at all times will certainly find fulfillment in a real estate career.
Other than the mentioned factors, the most compelling reason millennials are a perfect fit for this industry is because of the opportunity to take part in social causes. Studies show that millennials are driven by purpose; they want jobs that do more than cover monthly rent, but something that contributes to the greater good.
A career in real estate offers just that: an opportunity to make the Great American Dream a reality for many.