Tech layoffs, high interest rates are having ‘serious impact’ on how people buy homes

  • 📰 fox7austin
  • ⏱ Reading Time:
  • 17 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 51%

Loans Loans Headlines News

Loans Loans Latest News,Loans Loans Headlines

Facebook, Twitter and other companies announced layoffs this year amid rising interest rates. Experts say it’s affecting both prospective homebuyers and sellers.

A sold sign is posted in front of a home at a new housing development May 4, 2009 in South San Francisco, California. A report by the National Association of Realtors says that pending home sales were up 3.2 percent to 84.6 in March as home buyers to"Generally, layoffs and lack of jobs mean fewer home sales," Lawrence Yun, the chief economist with the National Association of Realtors, told FOX.

"Buyers do and should feel comfortable putting contingencies into their offers to fit their circumstances and risk factors, and sellers are beginning to expect them," Boutiette continued. Lawmakers in California have proposed a measure that would force large employers to give employees 90 days notice before layoffs.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Move out of Seattle.

That’s Biden win

Maybe if the boomers reduced the amount of people flooding our country, there would be enough housing formour citizens. Nope. Watch as they cry when they're unable to unload their mcmansions and overpriced track house shit.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 594. in LOANS

Loans Loans Latest News, Loans Loans Headlines