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Friday, December 16, 2005

The Real Estate Agent Boom

by Calculated Risk on 12/16/2005 05:34:00 PM

One thing with housing is certain, the Real Estate agent boom continues unabated.

Click on graph for larger image.

This graph shows the number of licensed Brokers and salespeople in California for each November.

The California Department of Real Estate reports the total number of agents in California is now 471,818, up 1.1% from last month, and up 13.7% from last November.

Also California's EDD reported today for November:

Within nonfarm industries, nine sectors saw month-over seasonally adjusted job gains and two sectors saw month-over job declines. Sectors with increased employment, in order of job gain, were:

Construction (8,000);
Trade, transportation and utilities (7,900);
Professional and business services (7,200);
Information (6,100);
Financial activities (1,300);
Leisure and hospitality (1,300);
Manufacturing (500);
Other services (300); and
Natural resources and mining (100).
The good news is the state added jobs in a number of sectors, but construction employment is still the strongest sector - even during a period when, according to the EDD: "It is not unusual to see [construction employment] soften towards the end of the year."