Washington, DC sees spike in homes for sale amid DOGE federal worker layoffs
9 Articles
9 Articles
Homes for Sale in Washington Surge 25 Percent Amid Federal Layoffs
The number of active listings of homes for sale in the District of Columbia area jumped by 25.1 percent in April, year-over-year, according to real estate brokerage Redfin. It is the “largest gain on record,” the company stated. Active listings are at their highest level since 2022, Redfin said. Redfin attributed the jump in housing inventory to the Trump administration’s efforts to reduce the federal workforce, and highlighted that federal jobs…
DOGE layoffs spurred a huge increase in homes for sale in Washington, DC last month
halbergman/Getty ImagesA Redfin analysis shows that the number of homes for sale in Washington, DC, rose at the fastest pace on record last month.Sweeping layoffs of government workers spearheaded by DOGE boosted the figure. DOGE slashed over 200,000 federal jobs in March alone, one analysis found.Widespread layoffs of federal workers are rippling through the housing market of the nation's capital, with Washington, DC, in April seeing the bigges…
How Is the D.C. Housing Market Weathering Government Layoffs? - The MortgagePoint
Redfin reports that active listings of homes for sale in Washington, D.C. jumped 25.1% year-over-year to the highest level since 2022 during the four weeks ending April 27—the largest gain on record. By comparison, active listings nationwide rose 14.2%—the smallest increase since March 2024. The report found that new listings in D.C. rose 11.4% year-over-year to the highest level since 2022—nearly double the national gain of 5.8%. “Quite a few p…
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