Skip navigation
MOST POPULAR RELATED TAGS
  • TOPICS
  • SECTORS
  • COMPANIES
 

  Current Housing Indicators
CURRENTPREVIOUS
Existing Home Sales4.49m4.74m
New Home Sales309,000344,000
Housing Starts583,000477,000
Building Permits547,000531,000
HMI9UNCH9
Existing Home Prices$170,300▼ (annually)$199,800
New Home Prices$201,100▼ (annually)$232,400
 
Realty Check Video Gallery
The U.S. Treasury plans to push lenders to modify their mortgages in hopes of keeping more Americans in their homes. Mic...
Insight on the new loan modification program, with CNBC's Diana Olick.
 
HOMEBUILDERS TOP 10 INDEX
Loading...
Loading...
Loading...
Loading...
Loading...
Loading...
Loading...
Loading...
Loading...
Loading...

REALTY CHECK VIDEO

» More

Current DateTime: 06:48:30 30 Nov 2009
LinksList Documentid: 30871294
Expiration DateTime: 11/30/2009 6:51:34 PM

RSS FEED

» Help

Current DateTime: 06:48:30 30 Nov 2009
LinksList Documentid: 30871303
powered by digg

Realty Check

Text Size
Jan.04
3:23 PM ET
Friday, 4 Jan 2008
Real Estate Jobs: Wait, There's Acutally An Increase In Workers?

CNBC.com

As I stood outside the Labor Department this morning, fighting to speak through the freezing temps, and cursing the reporter who usually covers that beat but who is busy freezing himself in New Hampshire today, I couldn’t help but think that the numbers played out before me had to be wrong. I know, I know, how can a government report be wrong??

The trouble is in my neck of the woods: real estate. According to the December Jobs report, the real estate sector added 5,400 jobs in the month and is even above the number for December of 2006. How can that be, when real estate agents are fleeing the business? According to the National Association of Realtors, membership has dropped just 2 percent from its peak in August of 2007, but that’s membership only.

I heard from the NAR’s chief economist earlier this week that a quarter of all real estate agents in California didn’t even make a sale in 2007, so I’m guessing a lot of those NAR members aren’t actually working.

I called the Bureau of Labor Statistics, and they say that number doesn’t even include mortgage brokers; they fall under Financial Services. I was thinking that maybe the surge was all that new staff needed to help folks refinance, but no. I emailed David Lereah, who used to work for the NAR but went corporate last year. All he could surmise was it might be real estate jobs related to foreclosed properties.

Questions?  Comments? 

© 2009 CNBC, Inc. All Rights Reserved

Tools:
PrintEmailAdd This share icon
Next Post
  • digg share
ADD COMMENTS
Remaining characters


Current DateTime: 05:22:43 30 Nov 2009
LinksList Documentid: 29778428

Current DateTime: 11:44:56 30 Nov 2009
LinksList Documentid: 29779196

Current DateTime: 05:55:24 30 Nov 2009
LinksList Documentid: 29779199

Current DateTime: 11:23:58 30 Nov 2009
LinksList Documentid: 29779198
  Data is a real-time snapshot  *Data is delayed at least 15 minutes
Global Business and Financial News, Stock Quotes, and Market Data and Analysis

© 2009 CNBC, Inc.  All Rights Reserved.
A Division of NBC Universal
Thomson ReutersThomson Reuters