Real Estate Analyst Job Description
Real estate analysts provide detailed statistical data as a tool for other industry professionals. The job requires many different skills and years of experience. It is not an entry-level position.
BackgroundMost real estate analysts have at least a four-year college degree in a related field. It is preferable to have either an advanced degree or equivalent experience.
FunctionAnalysts provide in-depth information to other industry professionals by collecting and analyzing current market data and trends. They then generate reports using criteria such as property type, location, price, occupancy and lease rates.
Skills RequiredThe primary skills needed are financial analysis, market research and writing. You need to able to take information from various sources, merge the data into a meaningful report and be able to explain how you reached your conclusions.
Time FrameDue to the inherent complexities of analyzing real estate, the learning curve can be steep. Most industry professionals agree that it takes a number of years to become a competent real estate analyst.
Employment OpportunitesPositions are available in both the public and private sector. Government agencies such as the U.S. Department of Housing and Urban Development require these services. Home builders, lenders, real estate agents and appraisers also rely on this data.