What does a weak labor market mean for real estate agents?

What does a weak labor market mean for real estate agents?

Adam MaciasPro Member
Real Estate Consultant · Fort Collins, CO · Member since 2022 · 291 posts · 178 votes

What do all the current job losses mean for a real estate agent?

Well it's crazy simple.

Real estate is only as good as jobs.

Unless you work with investors.

But real estate is only as good as someone's ability

to buy a house. I don't care whatsoever how low the inventory

is. No jobs, no real estate transactions.

It astounds me that agents do not take this deadly serious


and realize without a great, quality buyers list, you're going to have

a very very very hard Q4 and an even harder 2026 altogether.

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  • Lender · Charlotte, NC · Member since 2024 · 58 posts · 19 votes
    1y

    True, I think the one factor that we also have to look at is the effect on rates. While jobs are an issue, this added stress is going to cause wall-street to move into safety (bond market) and this will bring down mortgage rates. There is plenty of demand in a lot of markets that will come off the sidelines to enter the market when rates drop which is going to keep the market moving. While the jobs issue does take some buyers out of the market, it's only a small percentage and the rate drop will likely bring enough demand increase to help offeet this. 

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