https://techcrunch.com/2022/06/14/redfin-and-compass-lay-off-a-combined-900-employees-as-mortgage-interest-rates-continue-to-climb/

The housing market has taken a huge hit this year as mortgage interest rates have surged and homeowners scale back on purchases.

The latest casualties in the proptech world are Redfin and Compass, which both announced layoffs today that combined amounted to about 920 people.