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This post was updated on Wednesday, Nov. 16, 2022.
What might seem like a victory — a new job, home, relationship or anything else — might have unforeseen consequences down the road.
And what might seem like obvious tragedies can turn out to have surprising impacts in the future.
There are numerous examples of this in real life. Abraham Lincoln lost many elections on his way to the presidency. A young Walt Disney was famously fired from a newspaper for allegedly lacking imagination. And let’s not get started with Elon Musk.
These stories came to mind repeatedly this year as real estate fell on harder times. This spring, job losses in the mortgage sector began to mount, thanks largely to rates that rose at an unprecedented rate, and the cuts have only run deeper in the second half of 2022, with brokerages, tech companies and other ancillary services all reducing employee rolls in the face of rising home prices and inflation.
Among those companies, Compass, Zillow and Redfin cut hundreds of jobs. All told, the layoffs at those three companies, as well as earlier rounds at more than a dozen mortgage firms, mean that today there are many thousands of people who were working in real estate a year ago but who have since lost their jobs.
This is a shitty situation. There’s no other way to put it. And while everyone is hopeful that whatever is happening right now will soon pass, there’s a chance that ray of sunshine might remain in the shadows well into 2023, if not longer. For instance, some experts believe the industry is poised to lose tens of thousands of agents, who so far have not been the primary focus of recent job cuts.
The good news is that even as some companies cut positions, others are still hiring. Here are a few resources for those currently looking for work:
- The REACH Job Board
- REACH is a the technology accelerator of the National Association of Realtors, meaning many of the jobs on its board will have some connection to the real estate tech industry.
- The Vendor Alley Job Board
- Real estate veteran and current Lone Wolf general manager Greg Robertson runs Vendor Alley, a blog that covers the real estate industry. The site’s job board is a smaller but more curated list of current openings compared to other industry offerings.
- National Association of Realtors jobs
- These are all jobs at NAR itself.
- NAR’s Association Executives job board
- This is a NAR-hosted board that lists jobs at various Realtor associations across the U.S.
If you know of additional resources, let us know and we’ll add them to this list.
Finally, if you’ve been part of the recent wave of layoffs and are searching for your next opportunity in the real estate industry, the Inman community is here to support you with a ‘Talent Pass” for free entry into our annual Connect New York conference in January. Complete the form here to apply for a complimentary ticket to Inman Connect New York Jan. 24-26. and connect with your next career opportunity.
To qualify for a complimentary ticket, you’re previous company must be listed in this Inman article. Additionally, your employment must have ended after March 1, 2022. And finally, you must currently be “Open to Work” in your LinkedIn Profile for verification.
