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Stock impact report

The housing market now has more ‘downside risks': layoffs from DOGE and the trade war [Fortune]

First American Corporation (New) (FAF) 
Last first american corporation (new) earnings: 4/23 06:45 am Check Earnings Report
US:NYSE Investor Relations: investors.firstam.com
Company Research Source: Fortune
housing, which had a decent month of sales in an otherwise frozen market. A higher unemployment rate would only make matters worse. It was a week of back-to-back housing data that revealed some positive and some negative manifestations in the market. But there is an unanticipated development to watch out for: the Department of Government Efficiency run by the richest man in the world, Elon Musk. “Downside risks to the housing market are layoffs because of DOGE and any potential layoffs because of trade war uncertainty,” Apollo Chief Economist Torsten Slok told Fortune in a statement, referring to the administration's back-and-forth tariffs. “If the unemployment rate starts to go up it would be a downside risk to housing.” There are mass layoffs occurring in the federal government—part of Musk's and his non-cabinet level body's cost-cutting. A person is less likely to consider buying a home if they've just lost their job. Until now, that had not necessarily been an issue in the Show less Read more
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