Recession Concerns for Real Estate Employment Prospects YE2022 through 2023
Current student who is wrapping up a MSRE program in NY who has concerns about employment opportunities following this weeks economic storm of announcements. We already know that the Federal Reserve+FOMC are going to raise interest rates by 75bps, locking up the debt capital markets further.
What is worse is GDP numbers are supposed to be released Thursday (we will be lucky if they are positive). Consumer Confidence numbers are released on Tuesday. Plus, inflation numbers in the first half of August. I am concerned about recruiting in RE given the economic conditions of the United States: the inverted yield curve, PMI numbers, and industry consensus taken together are not positive signs.
Any thoughts regarding recruiting and/or landing an Analyst role in these market environments?
Just network network network. Frankly, they’ve been calling for a recession every year and every minute since 2015. The market may have been different but it’s always hard to find a job. If you were recruiting in 2018/2019 it was hard to find a job because transaction volume was down as pricing was up and everyone was expecting a recession. My point being you just need to trudge forward, no one knows what will happen. Recruiting is going to be what it’s going to be and you need to network to find opportunities.
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