by Greg Wasik | Nov 20, 2022 | Uncategorized
Across the real estate ecosystem, firms have decreased staff in order to cut costs as the housing market has slowed. As the housing market cools, Zillow has made a round of layoffs, eliminating roughly 300 positions.. A Zillow spokesperson wrote in an email: “As part...
by Greg Wasik | Nov 20, 2022 | Uncategorized
Sales of existing homes in the U.S. declined for the ninth consecutive month in October, marking the longest decline on record. The steepest mortgage rates in two decades and high home prices are keeping many buyers away. The National Association of Realtors announced...
by Greg Wasik | Nov 6, 2022 | Los Angeles Real Estate and Appraisal News
Opendoor Technologies writes down inventory by $573 Million, lays off 18% of their employees due to the declining real estate market related to the impact of higher interest rates leading to lower transaction volume. The company announced that they decided to drop the...
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