Source: Business Report —
Despite a sharp rise in mortgage rates, U.S. housing market activity continues to sizzle, and—at least through March—generate new jobs each month.
There are now nearly 1.8 million people working in real estate services, more than before the pandemic hit, Axios reports.
Friday’s strong employment report shows that almost 14,000 new jobs were created in real estate and rental leasing in March, after an average of about 11,000 per month over the last year. The last two years have been the busiest stretch of real estate job creation since the housing bubble was at its bubbliest in the years between 2002 and 2005.