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Real Estate Broker

Odds of Hanging On

The odds of hanging on are good so long as the economy doesn't go into the toilet. The real estate market crash from 2007 to 2010 was one of the most destructive financial collapses in history. It caused millions of people to lose their homes—which really makes it hard to do much of anything else.

Today, the real estate market is on an upswing. Rising interest rates sink the real estate market, but the current real estate forecast looks good. People have started ponying up again to buy houses. Many are making financial investments by buying single-family homes and renting them out to the large pool of folks that lost their homes in the crash. Talk about a pool you don't want to dip your toe into.

But who knows what tomorrow will bring? Real estate brokers have a good chance of hanging on, but like anything else there's no guarantee, especially in the world of finance. So it's always a good idea to have a back-up plan.