The Real Deal New York

U.S. real estate jobs still reeling from the recession

Real estate office jobs are down 24 percent from their peak -- only listing portals show growth

June 07, 2014 11:00AM

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U.S. real estate jobs still reeling from the recession

WEEKENDEDITION Overall construction and real estate-related jobs have fallen a dramatic 19 percent across the U.S. since the recession. But within the industry one sector has seen some growth: real estate escrow, listing and fiduciary services

The number of jobs in that sector had fallen to 35,100 back in August 2009, with an average salary of $62,744. Now, that has climbed to 50,500 jobs with an average salary of $71,947, according to data cited by Inman.

“Real estate property managers” and “mini-warehouse and self-storage unit operators” have also recovered and grown, according to the New York Times, which compiled the data.

However, neither the “offices of real estate agents and brokers” nor the “offices of real estate appraisers” have recovered from the recession, the Times wrote. Jobs in offices of agents and brokers hit a low point in July 2012 at 272,400 jobs with an average salary of $51,653. Since then, they have risen 6.3 percent to 289,500 – still down 24 percent from their peak in April 2009 at 380,200 — with an average salary of $51,646. [Inman]Christopher Cameron

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