Real Estate: Great Recession Sheds Real Estate Agents, Attracts Newcomers to the Business

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By Blythe Lawrence
Barring a miraculous turnaround, 2011 will not be remembered as a great year to become a real-estate professional. Even so, for determined new agents, brokers and market analysts, there are upsides even to a downside. “As an agent, you learn really good discipline from working in a down market,” said Joe Spencer, president of John L. Scott Real Estate. “You learn how hard the business is, how many hours you need to work. In the boom of 2004-06, quite frankly, it wasn’t hard to run into a buyer because everyone was a buyer.” Stuart Gordon remembers those days well. In 2006, as a newly minted grad with an economics degree and an interest in real estate, he got a job with Washington Mutual handling commercial mortgages and real-estate loans, and later moved to loan giant Countrywide Commercial. The market — and his job — busted in 2008, but Gordon decided he wanted to stay in the business. He wavered about whether to do an MBA, which might have opened up different avenues, or focus more on real estate with the newly created master’s in real-estate program at the University of Washington. He opted for the latter, but not without some nervousness. Will I be able to find a job? he wondered.

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About Pamela's Blog

Pamela Diaz-de-Leon With an accomplished background encompassing Diplomacy, Architecture, Business and Film, Pamela Diaz-de-Leon brings to the real estate industry the entrepreneurial expertise which stem from her interdisciplinary experience. Her world wide network of distinguished personalities carefully knitted of relationships formed in her five years as the Cultural Attaché for the Instituto Cervantes, serving the King of Spain, in Chicago, and her Hollywood connections acquired while working with a recognized film distributor, give her the global platform in which she has developed her business with great success. Knowledgeable, informed and organized she holds ethics and integrity as her highest values thus, providing her customers with an excellence of service that ensures their utmost satisfaction and their continued loyalty to her work. Office. 305.677.5055 Cell. 305.720.8439
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