Real estate-related employment has reached a nine-year high in Southern California's Orange County, reports Jonathan Lansner, staff columnist at The Orange County (Calif.) Register.
On the surface, this seems like good news, but could it be a warning sign. Lansner digs into the latest employment numbers for answers. He writes:
Orange County bosses in property-related fields are on pace to employ 250,000 workers this year. (As a comparison, leisure and hospitality industries employ 216,000 locally.) This is real estate employment’s largest workforce since 2007 – arguably the peak of the previous real estate insanity – but it’s still 15,000 or so below the all-time high set in 2006.