Ever wonder which places offer the most potential earnings for real estate professionals? Well, if you’re living and working in Boston, it’s not a bad time to be in the real estate business.
Analysts at HomeInsurance.com investigated which places offer the most potential earnings for real estate professionals and the Boston-Cambridge-Quincy market is amongst the list, featuring Lake County, IL, Chicago-Joliet-Naperville, IL, Durham-Chapel Hill, NC, New York’s Nassau and Suffolk counties.
At No. 6 on the list, the Boston-Cambridge-Quincy area offers realtors an average salary of $72,340, with a lot of growth opportunity. Neighboring cities to Boston, such as Cambridge and Quincy are experiencing huge growth, with home values in Cambridge up more than 6 percent in the past year. Cambridge is a charming town in its own right with cobblestone streets, historic homes and, of course, Harvard University. In Quincy, buyers can enjoy being right on the bay.
The research produced by HomeInsurance.com used earnings information published in October by the U.S. Bureau of Labor Statistics weighted with factors to account for differences in the cost of living for each market. Markets had to have information accounting for at least 100 employees in order to be considered for the report.
“We are very excited to unveil the top places offering real estate agents prospective job growth,” says Arthur Murray, Senior Editor atHomeInsurance.com. “Seeing healthy salaries such as those in Illinois is a great sign for the U.S. housing market recovery.”
The full report can be found here.