Story · Seattle
Seattle's wave of layoffs hampering housing market: DR Horton
A wave of layoffs in the tech sector is significantly impacting Seattle's housing market, according to homebuilder DR Horton. Tech firms have announced nearly 124,000 job cuts in the first half of 2026, a 65% increase from the same period in 2025. This has contributed to a 2.3% year-over-year decline in Seattle's median home price, as reported by Redfin data from May, contrasting with a 2% national increase. The article highlights the direct correlation between the tech industry downturn and softening local real estate demand, with major homebuilders like DR Horton noting the adverse effects on sales and pricing in the Seattle metropolitan area.
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