Many N. Texas Real Estate Majors Have Problem To Be Envied

DALLAS (CBSDFW.COM) – In a still tight job market, Southern Methodist University senior and real estate major Michael Sizemore has a problem to be envied.

“I have three job offers that are concrete and two more that I am interviewing for, and I’m on the second round of interviews, “ he explained.

Sizemore will graduate in May with a degree in Real Estate Finance. He says he was drawn to the field because his father is in the business and because he loves that real estate is a career built on relationships.

“You can be successful, “says Sizemore, “without being cutthroat.”

It also doesn’t hurt that real estate degrees are red hot right now.

Chuck Dannis, adjunct lecturer at SMU’s Cox School of Business said, “I have just seen over the last, really this class and the last class, a huge uptick in the demand for our graduates.”

When asked about the number of recent real estate graduates that were still job-hunting, Dannis said he didn’t know of a single one.

In fact, he said the local job market couldn’t be better. “I would say we’re a top five market in the world for investment.”

Experts say part of the current healthy market can be traced to the fact that North Texas real estate never experienced the huge increases in property values that defined so many local economies across the country. So when the property values crashed, it was not nearly as bad in North Texas.

“We are coming off the bottom of maybe the worst real estate depression since the 1930s, so we’re coming into the buy side of the market and I think it’s going to be this way for the next couple of years,” Dannis said.

While all college seniors may not be lucky enough to have multiple job offers, recent numbers suggest job prospects may be looking up—especially for students with business, technology and engineering degrees.

According to the latest survey numbers from NACE, the National Association of Colleges and Employers, employers plan to hire 9.5-percent more graduates from the Class of 2012 than they hired from the Class of 2011.

Sizemore credits his job-hunting success with “great” preparation at SMU; but, also his multiple internships and efforts to get real world work experience while still in school.

The college senior would also encourage other students to network like crazy—in professional circles—to meet people with successful careers in their field.

“You’ve got to get out of your comfort zone.”

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    As an agent with working in New York City, I have little knowledge about what’s happening in the Texas Real Estate Market. However, I do know something about the northeast, and most recently began to get some real-life experience with the Florida markets. If my experience counts for anything, the one part about the scenario that we all have in common, is that bank foreclosures are going to be hitting the market in record numbers this, and again next year. This can derail any gains in a market, that has made some positive strides, and there’s little to nothing anyone can do about it but wait and see what happens.

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