Slowing Home Market to Ripple Through Job Market


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"You saw it - there were dollar signs in their eyes," recalls Nick Vayonis, a former real estate agent in Los Angeles, where median home prices rose 145% in four years. As the housing market slows, there will likely be a lot of stories of people who are bailing out of their real estate jobs and other professions related to housing - appraisers, mortgage brokers and home construction workers - and many not by choice.

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Slowing Home Market to Ripple Through Job Market