Housing market in tech hubs cooling faster than other parts of US - report

  • 📰 staronline
  • ⏱ Reading Time:
  • 19 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 75%

Portugal Notícia Notícia

Portugal Últimas Notícias,Portugal Manchetes

This comes amid a wave of layoffs in the technology sector and elevated mortgage rates.

Decades-high inflation leading to interest rate hikes, weak consumer demand and the possibility of an economic slowdown have forced big tech firms such as Amazon.com Inc and Meta Platforms Inc as well as banks to trim their workforce.

Layoffs in the tech industry, concentrated largely in the Bay Area and Seattle have led to some buyers bowing out of their search for a home or cancelling contracts, Shelley Rocha, a Redfin manager, wrote in the report. Redfin agents report that uncertainty around the stability of the banking and tech industries is exacerbating nerves in some buyers and sellers.

Resumimos esta notícia para que você possa lê-la rapidamente. Se você se interessou pela notícia, pode ler o texto completo aqui. Consulte Mais informação:

 /  🏆 4. in PT
 

Obrigado pelo seu comentário. Seu comentário será publicado após ser revisado.

Portugal Últimas Notícias, Portugal Manchetes