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.
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