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Will Real Estate Hiring Growth Continue in 2013?

By Ashley Rowe on January 13, 2013 in Real Estate.

Considering that real estate is an indicator of economic health, we continue to monitor hiring trends in this area. During December 2012, more than 16,800 job ads appeared online. This is a decrease of 22% since we last reported on this topic in October; however, this might be just a seasonal decline. Overall hiring demand in 2012 was 11% higher than the volume of job ads experienced during 2011. Will this level of growth continue in 2013?

Hiring Demand Chart for Real Estate Jobs

Hiring Demand Growth Chart for Real Estate Jobs

SOURCE: WANTED Analytics

The most commonly advertised job titles remain mostly unchanged. Administrative Assistant and Retail Sales Associate switched places and Receptionist was replaced with Retail Sales. The highest volume of job ads were for management and sales positions.

  1. Maintenance Technician
  2. Leasing Consultant
  3. Property Manager
  4. Administrative Assistant
  5. Real Estate Sales Associate
  6. Sales Associate
  7. Maintenance Supervisor
  8. Assistant Property Manager
  9. Maintenance
  10. Retail Sales

The New York-Northern New Jersey-Long Island metro area is experiencing the highest demand followed by Los Angeles, CA and Washington, DC. Recruiters are likely to experience moderate difficulties sourcing talent in these cities. Elkhart-Goshen, IN presents the most advantageous recruiting conditions, scoring a 5 on our Hiring Scale. Despite real estate hiring being easier-to-recruit in this city, job ads are posted online 2 weeks longer than the national average of 5 weeks. On the other hand, Dubuque, IA experiences the most difficulty sourcing talent for this position, scoring a 98 on our Hiring Scale.

Hiring Scale for Real Estate Jobs

Hiring Scale for Real Estate Jobs

SOURCE: WANTED Analytics

Want this information for the position you're filling? Get a Talent Sourcing Report including hiring difficulty and common job titles for your job req with a free trial of WANTED Analytics.

Already an Analytics user? Log in, enter the industries Lessors of Real Estate, Offices of Real Estate Agents and Brokers, and Related to Real Estate, add your location, and any other requirements. Generate a Talent Souricng Report to share trends and market conditions with hiring managers.

Real Estate Jobs are On the Market

By Ashley Rowe on October 21, 2012 in Real Estate.

In last month's BLS report, real estate was one of the sectors that showed job growth. Considering that real estate is thought of as an indicator of economic health, we wanted to get a clearer picture of recent hiring trends. Real estate employment grew +7,000 in September. Each year, hiring demand peaked higher than the previous year. After reaching the highest level of demand during August since the recession began, September saw a slight decline in hiring. However, in September 2012, job ad volume was still 17% higher than the same time last year.

Monthly Total Ad Volume for the Real Estate Industry

Hiring Demand Growth Chart

SOURCE: WANTED Analytics

New York had the most real estate job ads posted online during September. The cities below saw the most year-over-year growth in hiring demand.

City                                              Increase
  1. Herndon, VA                               725%
  2. Mountainview, CA                      346%
  3. Parma, OH%                              266%
  4. Sandusky, OH                            177%
  5. Fort Myers, FL                            173%

Below are the most advertised real estate job titles.

  1. Maintenance Technician
  2. Leasing Consultant
  3. Property Manager
  4. Retail Sales Associate
  5. Administrative Assistant
  6. Sales Associate
  7. Maintenance Supervisor
  8. Assistant Property Manager
  9. Maintenance
  10. Receptionist

Maintenance positions appear most often on this list and have the highest number of job ads compared to the other job titles listed. Property management, sales, and administrative job titles follow in-demand.

What do these hiring trends tell you? Try a free trial of WANTED Analytics to view these trends in your area.

Users, log in to Analytics, select the industries Lessors of Real Estate, Offices or Real Estate Agents and Brokers, and Activities Related to Real Estate and add your location.

Construction and Real Estate See Revenue Growth – Does Employment Too?

By Ashley Rowe on July 8, 2012 in Construction, Hiring Demand Indicators, Real Estate.

Intuit, recently released Small Business Employment and Revenue Indexes. This report shows that small business revenue declined in the following industries:

1. Healthcare and Social Assistance
2. Scientific and Technical Services
3. Retail Trade
4. Accommodation and Food Services

The only industries to post increased revenue were real estate and construction.

Considering that real estate and construction were the only sectors with gains, we looked at job postings in these areas to see if small business revenue growth matches employment growth across these sectors.

As of May 2012, job ads for construction occupations were up 21% and at its highest in 4 years. Dallas, TX was the metro area that showed the most demand.

In May, real estate saw its highest amount of job ads since the recession: 71% increase since January 2009. The increase in revenue for small businesses and the increase in job ads for all sized businesses in this sector indicate that this is an area to watch. This also may indicate that if construction and real estate positions are in demand, more people are buying homes, businesses are expanding, businesses are spending more and the economy is recovering.

Download the WANTED Analytics Whitepaper 10 Ways to Take Advantage of the Hiring Boom to learn how you can take advantage of the road to recovery to fill your next position.

If Real Estate Drives the Economy, Is Increased Hiring a Signal of Better Times?

By Abby Lombardi on February 13, 2012 in Real Estate.

It's often said that a healthy real estate market will drive an economy. We all know that the US real estate market has been tumultuous over the past several years.  If we watch hiring trends in this industry, will an increase in job ads signal that the market is getting better?

First of all, hiring seems to be increasing. After a decline in hiring demand during November and December (likely a seasonal trend), more than 9,300 job ads were posted online for jobs within the real estate industry in January 2012. This represents a 20% increase compared to the same month in 2011. Hiring has also increased compared to previous years – up 43% from January 2010 and 48% from January 2009. However, the volume of ads has not reached the highs seen pre-recession and is still down about 29% from January 2008.

Hiring Demands in the Real Estate Industry – 4 Year Hiring Trend

Hiring Demand in the Real Estate Industry - 4 Years

Source: WANTED Analytics

Within real estate, hiring at Real Estate Agents and Broker offices account for almost half the jobs that were posted during January. More than 4,100 job ads were posted online in this part of the industry, a 15% year-over-year increase. Residential Lessor offices placed the second highest volume of job ads, at a 37% increase. Commercial Real Estate offices placed the third highest volume of jobs, also seeing an increase of about 23% compared to last year.

New York, which has seen one of the more stable real estate markets over the past several years, also saw the highest hiring demand during January. There were more than 700 job ads posted online in this area, a 73% growth compared to 2011. Los Angeles, Washington (DC), Chicago, and Dallas were other cities with the highest number of job ads. Hiring in Los Angeles and Chicago increased compared to last year, while real estate companies in Washington, DC and Dallas placed fewer ads.

Hiring Trends in the 5 Cities with Most Real Estate Job Ads

Hiring demand by top 5 locations

Source: WANTED Analytics

With all the increased demand by the real estate industry, will recruiting be easy or difficult? Our Hiring Scale™ shows that these jobs are likely to be moderately difficult to fill nationwide. Despite hiring in New York growing so significantly over the past year, Recruiters here are likely to experience conditions in-line with national averages. On the other hand, Los Angeles is likely to see one of the most difficult conditions across the country. Although both New York and Los Angeles have seen considerable growth in hiring, the talent pool of qualified potential candidates in New York is larger. There are about 6,600 potential candidates currently working in the real estate industry in Los Angeles. In comparison, the pool of candidates is 2.5 times as large in New York. This means Recruiters sourcing for job openings in the New York area have more candidates to choose among, leading to more favorable recruiting conditions than will be seen in the Los Angeles area.

Hiring Scale for the Real Estate Industry in New York

Hiring Scale for the Real Estate Industry in New York

Source: WANTED Analytics

Hiring Scale for the Real Estate Industry in Los Angeles

Hiring Scale for the Real Estate Industry in Los Angeles

Source: WANTED Analytics

Are you sourcing candidates for an opening in the real estate industry? Try our free online Hiring Scale™ to see how difficult it will be to find candidates in your area, average salary ranges for any position, and who your competition for talent is.

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