Skip to main content

Study Identifies Real Estate as a Depressing Occupation

Phil Hall
Dec 23, 2014

Real estate professionals that find their work to be depressed may find some consolation in a new study that determined their industry is, indeed, a very depressing place to work.

According to a study published in the medical journal Social Psychiatry and Psychiatric Epidemiology, real estate-related professionals have the second highest rate of occupational depression, topped only by public transit system workers. Social workers came in third place. The study identified depression-inducing work was mostly performed by those who “require frequent or difficult interactions with the public of clients, and have high levels of stress and low levels of physical activity.”

At the far side of the spectrum, jobs that brought about the least amount of depression involved duties that required physical activity and/or outdoors labor.

However, Dr. John Grohol, founder and CEO of the Psych Central blog, pointed out that the study might be skewered based on where the research took place. The researchers studied the insurance claims data covering more than 214,000 people in western Pennsylvania (including Pittsburgh) during the years 2002-2005, and it covered a broader definition of depression to include bipolar disorder diagnoses and medical treatments where depression was the secondary and not the primary focus of the treatment.

“There are, of course, a few limitations to the study,” Dr. Grohol stated. “Examining insurance claims data may give us a biased sample, since people who never seek out treatment for depression aren’t included in the dataset. This is a potentially huge issue, since previous research has shown that most people don’t seek treatment for depression. The data also were drawn from just one small geographic region in the U.S. and may not generalize to other regions.”

Published
Dec 23, 2014
What Are The Biggest Deal-Breakers For Homebuyers?

The housing market is holding strong but that doesn't mean homebuyers don't have their fair share of deal-breakers when it comes to purchasing a home.

Analysis and Data
Jan 20, 2022
Popular Bank Names National Director Of Residential Lending

Popular Bank named Adam Dejak as its national director of residential lending for Popular Mortgage.

Industry News
Jan 20, 2022
Total Expert Appoints Gaydos As President

Former Talkdesk and SAP senior executive brings extensive cloud, go-to-market, sales, and operations experience.

Industry News
Jan 20, 2022
Sagent Appoints Thompson As Chief Product Officer

Founder of fintech managment consulting firm Consigliera will lead and expand product development.

Industry News
Jan 20, 2022
400 Mortgage Loan Originators Caught Trying To Skip School

400 mortgage loan originators nationwide deceptively claimed to have completed their annual continuing education as required by state and federal law.

Industry News
Jan 19, 2022
Infamous Better.com CEO Is Back And Employees Are Upset

After a month-long hiatus or “break” as Garg likes to call it, the CEO is back at the helm of the company.

Industry News
Jan 19, 2022