How tech layoffs could impact the housing market

(The Hill) – A series of layoffs at America’s major technology companies could put pressure on local housing markets amid a broader nationwide cooling. These layoffs, brought on in part by a series of interest rate hikes from the Federal Reserve and a decline in revenues, could cause forced sales, damage buyer confidence and lead to smaller down payments — even from buyers who remain employed. “The housing market is fueled by confidence, affordability, and most