NYC agent workforce clobbered in March

The premier event for luxury agents and brokers
Luxury Connect | Oct. 16-18 | Beverly Hills

New York City real estate employment got clobbered last month, with the real estate agent workforce in The Big Apple shedding more jobs than other sector except government, The Real Deal reported, citing a study released by Eastern Consolidated.

Why? The report doesn’t explain the drop in real estate employment — 1,200 jobs were supposedly lost in March alone — but the real estate investment firm’s chief economist expects those jobs will come back.