DC realtors, give me the real info on the housing market right now

[Peter Tverdov]

There are many popular social media posts right now portraying that DC homes are going up for sale all over the place because of DOGE cuts. While it seems possible thats true, people doing this are screen shotting stuff from Zillow. Someone out there must study those submarkets pretty heavily and can explain how housing stock has changed or not changed month over month the last few months...

[Jack Seiden]

Quote from @Peter Tverdov:

There are many popular social media posts right now portraying that DC homes are going up for sale all over the place because of DOGE cuts. While it seems possible thats true, people doing this are screen shotting stuff from Zillow. Someone out there must study those submarkets pretty heavily and can explain how housing stock has changed or not changed month over month the last few months...

 City proper has been on 5 year bear market completely unrelated to anything political, the suburbs have been adding inventory since the summer but are still very low but any measure and have actually gotten tighter the last few month, while I am open to the idea these cuts could eventually have some effect on the market, about 20% of the dc area is federal employees, let’s say the federal government cut the work force 25% which would be huge, that’s 5% of the population, but a good number of those people are either two income households where one person works in the private and/or the person being laid can go get a similar job in the provide sector l, the percentage of households who would be forced to sell thier house over this is likely in very low single digits. I’m certainly not. Always a cheerleader for our local market & think we face many headwind, but this is is massively overblown in my opinion and certainly there is absolutely no data that we have seen an effect from this as of yet, again if anything our suburbs inventory has gotten tighter.