💨 Abstract

Federal workforce reductions and government spending cuts are significantly impacting the D.C. housing market. Nearly 40% of real estate agents reported working with clients affected by government layoffs in May. This uncertainty and early retirements among federal employees are increasing home inventory and putting downward pressure on prices. The trend could lead to a broader reshaping of homeownership patterns. Since spring, 15% of home sales in the D.C.

Courtesy: Jeff Clabaugh