Written by: Samantha Guarderas

The buzz surrounding the revival of the housing market has brought up much speculation about the direct effect on jobs. If the housing market continues to steadily recuperate, more jobs will emerge for real estate agents, construction workers, furniture companies, architects, etc. Of all these industries, the construction division was arguably hit the hardest. According to CNN Money, the unemployment rate for the U.S. population is 8.3% and recently it has been determined that the unemployment rate for construction workers is 12.3%. Approximately 2.3 million construction jobs were cut. However, homebuilders added 5,800 workers in July alone, representing a shift in employment.

Another major effect that the housing recovery could have on jobs is relocation. While there are jobs available around the U.S not everyone is able to pick up and move. This is due in part perhaps to bad timing as well as the trouble that can come with selling a home. Therefore, relocating to pursue a job isn’t necessarily in the cards for those that may be qualified to take jobs in different cities or states. However, if the current housing market continues to fight its way uphill, these issues can be resolved for many.

Ultimately, this progression would cause consumer spending. If these home prices rise, then it’s assumed that the middle-class family will mimic this growth in wealth. Motivation in spending can be sparked by an awareness of higher earnings, resulting in an expansion of consumer spending.

With the continual focus on the housing market and it’s progression, what better time to look into property? Make sure to browse our listings to set up your own motivation for a possible move. Whether you’re relocating from a different state to finally work at your dream job or moving down the street, Eklipse Real Estate is here to guide you in your transition.