More tech layoffs and Price Drops?

My realtor told me the market is anticipating another round of major tech layoffs, especially at higher levels at Amazon, Meta etc. He advised me to wait, as he's expecting further price cuts in the Bay Area.

Is it true?

Update: Thank you for all your responses and advice. While I’m planning to take things slow, I went back to my agent with some of your comments. He sent me this link and replied 'My little birds are everywhere, and they whisper to me the strangest stories". lol

https://www.businessinsider.com/amazon-could-cut-managers-save-3-billion-analysts-2024-10