Fear aside, there are now actual products out there that produce very convincing results in real time without requiring any skills.
This I agree with, developers and real estate firms have to hire to render. However, a lot of the current work where architects wants a rendering of their Revit project is about to dry up with real time solutions like Enscape, Fuzor, and whatever Autodesk is cooking up. In many cases these renderings will be enough for the realtor as well, especially if it saves $1,500, which means the market will shrink.
No way, this is just insane. If anything architects need more and more advanced software as building codes are getting tougher and tougher. In 2020 California will go net zero and energy analysis will be a big part of the equation of building houses. Building a modern house is becoming so advanced that most cities require architect/engineers stamp the drawings.