Tech Layoffs Triggering Housing Market Collapse: San Francisco, Seattle, and Austin in Crisis
Finance Mind Finance Mind
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 Published On Jan 23, 2023

This video delves into the current state of the housing market in San Francisco, Seattle, and Austin and how it's being affected by the recent tech layoffs. As the number of tech companies laying off employees increases, many homeowners and renters are struggling to keep up with their mortgage and rental payments. This has led to a sharp rise in foreclosures and evictions, causing the housing market to decline. I also take a look at the December 2022 Zillow housing market report and cover important details such as home values, home buyer demand, inventory levels, new listings, and pending listings. The report also reveals which tech companies are experiencing layoffs and how it's impacting the housing market in these cities. I analyze real estate data to gain a deeper understanding of the housing market crash and what it means for the future of these cities.

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