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Tech layoffs slow Bay Area housing market as home prices fall
Increase tech firm layoffs to the checklist of headwinds going through the Bay Space housing industry. Increasing mortgage loan costs, economic downturn fears and a unstable stock current market have all tamped down dwelling sales and costs in new months from document-environment pandemic highs. Now, coming into the customarily slow winter real estate year, rising uncertainty in the region’s main marketplace is offering would-be customers a different rationale for pause. “We have customers who have been in and out of on the lookout at purchasing,” reported Silicon Valley real estate agent Mary Pope-Useful. “One of them performs at … Facebook, and they explained. ‘I did not get laid off, but…