Can the Fed heat up Southern California’s chilly real estate job market?

Southern California real estate hiring slowed by two-thirds in a year where property-related businesses were throttled by the Federal Reserve’s tight-money policy.

My trusty spreadsheet, reviewing state employment stats for August, found 921,800 property-linked workers in Los Angeles, Orange, Riverside, San Bernardino and San Diego counties. While local real estate employment grew locally by 9,500 positions in the last 12 months – that’s 65% slower than the 27,000-a-year growth pace in pre-pandemic, cheaper-money 2015-19.