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The 15 Best-Paying Cities for Real Estate Agents
There are high-paying locations for real estate agents across the country.
Even before the COVID-19 pandemic, real estate agents were adopting new technologies as a way to connect with young, tech-savvy homebuyers. However, like so many other economic sectors, the real estate industry has been forced to expand these practices in response to social-distancing measures taken to reduce exposure to the coronavirus.
Now, virtual open houses and watch parties are the norm, and even formerly non-tech-savvy agents are embracing online document software and drone photography to comply with new restrictions.
Even with recent economic disruptions and high levels of unemployment, the real estate industry remains strong. And data from the S&P/Case-Shiller U.S. National Home Price Index reveals that home prices fueled by strong demand and a limited supply continue to rise.
Rising from 8.4 percent growth the month before, the home price numbers reveal a year in which the pandemic did little to temper sky-high growth seen during much of 2020, after the immediate shock of the pandemic wore off.
“The trend of accelerating home prices that began in June 2020 has now reached its sixth month with November’s emphatic report,” Craig Lazzara, managing director and global head of index investment strategy at S&P Dow Jones Indices, said in a statement. “The National Composite Index gained 9.5 percent relative to its level a year ago, accelerating from October’s 8.4 percent increase.”
S&P CoreLogic Case-Shiller