More jobs than ever tied to the real estate boom

The Sacramento Bee has a great article on the real estate boom and how many jobs are tied to it.Take the Sacramento area:

The region's real estate sector - agents, mortgage lenders and construction workers - accounted for 46 percent of the 24,000 jobs created in greater Sacramento during the past two years. This from a sector that represents just 10 percent of the job market. Construction alone has generated about 60 percent of greater Sacramento's new jobs this year.

Statewide, the real estate sector created 40 percent of all new jobs last year. The year before, real estate created 40,000 jobs while the rest of the economy lost 105,000 jobs.

Nationally, the real estate sector generated 465,000 new jobs from 2001 to 2004, according to consulting firm Economy.com. The rest of the economy lost 821,000 jobs.

Read the whole article it's one of the best on real estate today.Well worth your time.