Decline in Real Estate Employment in Southern California

September 26, 2025 - 01:45

The demand for jobs associated with the real estate sector in Southern California has significantly decreased, reflecting a broader trend in the region's economy. Over the past three years, approximately 46,800 positions have vanished from this vital industry, representing a notable 9% of the workforce in the area, which totals around 7.98 million workers.

This downturn is largely attributed to rising financing costs, which have dampened buyer enthusiasm and slowed property transactions. As mortgage rates climb, many potential homeowners are finding it increasingly difficult to afford new properties, leading to a ripple effect throughout the real estate market.

The impact of these job losses is being felt across various sectors, including construction, property management, and real estate services. Industry experts are closely monitoring the situation, as the health of the real estate market is often seen as a barometer for the overall economic climate in Southern California. The future remains uncertain as stakeholders contemplate the implications of these changes.