Real estate in California has steadily rebounded, to the point of becoming
a centerpiece of the economic recovery for the state. In Orange County
that is especially true, where employment in the real estate industry
hit its highest point since March 2008. Employment in the real estate
industry in the county represents about one in seven local jobs, which
makes the present environment of steady growth an auspicious time for
those who live and work in the local residential real estate market.
Thus, it is worth noting that the increase in the stability and steady
growth of the real estate market does not just help property owners and
their agents. It reaches into many more areas of the local and state economy
to produce a far more multi-faceted improvement than is normally perceived.
The real estate industry in Orange County is thus a foundation for the
financial stability of the economy and the standard of living that is
enjoyed by residents here.
In fact, a healthy real estate industry in the area produces financial
vitality and employment growth in a variety of interconnected businesses.
Some of these include construction companies, building supply companies,
local mortgage lending agencies, architectural and engineering businesses
and, of course, real estate sales and leasing. The noticeable growth of
jobs in these vital sectors is also reflected in figures showing healthy
growth state wide. .
For example, construction firms in California employed 88,200 workers last
month, which is the highest level of jobs since 2008. Indeed, construction
is up in many different localities throughout the nation. These figures
affirm that it is generally a propitious time for both buyers and sellers
of real estate to consider entering the market. Maximum returns and a
variety of opportunities are always available when the real estate industry
displays solid, stable growth patterns.
Source: ocregister.com, "Real estate's job machine cranks into high gear", Jonathan Lansner, June 29, 2015