Real estate brokers Compass, Redfin to cut jobs as housing market cools

by LBM Daily Editor 0 Comments

Econ & Housing
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Real estate brokers Compass Inc and Redfin Corp said on Tuesday they will cut jobs as rising mortgage rates and the prospect of aggressive rate hikes eat into homebuying demand. Compass said it will layoff 450 employees, about 10% of its current workforce, and Redfin will cut about 470 jobs, about 6% of its total…

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This article was originally published by Theglobeandmail.com. Read the original article here.
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