The real estate market has certainly rebounded since the recession hit and the housing bubble burst. Many people have switched careers to join the real estate workforce, or they have taken on double duty to capitalize on the growing markets. In fact, real estate has been exponentially growing in brokers and those paying membership dues to area Realtor® boards. Back in May, the National Association of Realtors (NAR) says that more than 20 percent of Realtors joined the industry in the past year, with a younger overall median age (53 years old, as opposed to the previous year’s 57 years old).

Real estate has largely been an industry which has been populated by those who are switching careers and wanting to be in charge of their own success. Many can see that solely based on the median age of the industry as reported by the National Association of Realtors.

Since the market is growing, there is definitely more competition that those entering the industry must be made aware of. The Internet is changing the industry and how real estate agents market the homes they are selling or how they look for homes for their clients. Agents are more freed up to get deals done. Technology is shifting roles for everyone within the industry, especially real estate agents who need to become a local market expert through and through because their competition has the same data ready and available to them so there is less of a differentiator in that sense.

While technology is shifting the landscape, more and more people are using real estate agents or brokers to purchase homes. In fact, 87 percent of buyers purchased their home through a real estate agent or broker, which has increased from 69 percent in 2001, according to NAR stats.

Real Estate Closing Solutions works with and supports the very best Realtors in Florida, and we are glad to see the industry growing with more new professionals. More than that, we are glad to see the housing market thriving. If you’re in need of an Orlando closing agent, call us at 407-615-8550, or you can contact us online.