"The number of real estate and mortgage industry professionals is declining after five years of growth."
"Employment in the real estate and mortgage industries peaked at 504,800 in February, according to the Bureau of Labor Statistics. In June employment was at 503,100, a noteworthy decline given that the sector gained jobs at a rapid pace for most of 2001 through 2005."
"In May of 2001, essentially when jobs started gaining, 290,800 people were employed in the two industries."
"Peter Morici, economist and professor at the University of Maryland’s Robert H. Smith School of Business, views the downsizing of employment as a good development."
“When things shake out it is going to be the better sales men and women that will stay,” he says. “They are the ones who have built a reputation over time.” Source: Reuters, Julie Haviv (09/17/06)
Monday, September 18, 2006
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