Federal Layoffs Effect? - 1,633 New Listings In D.C. Area Last Week

[Ken M.]

Feb 21 2025

This is just a marker to see if Federal Layoffs actually affect the real estate in the D.C. Area

Redfin lists 1,463 New Listings In D.C. Area Last Week from Manassas Park to Bowie (why those points? Because that's what fits on my screen) ;-) There is no regard to type of listing and new construction is not included

Redfin lists 5,888 Total Listings In D.C. Area Last Week from Manassas Park to Bowie (why those points? Because that's what fits on my screen) ;-) There is no regard to type of listing and new construction is not included

And here is the price distribution

[Russell Brazil]

Quote from @Ken M.:

Quote from @Russell Brazil:

Quote from @Ken M.:

Quote from @Russell Brazil:

Quote from @John Clark:

Every administration has turnover. What are the numbers for this point of time in the Biden administration, Trump 1, Obama, ….?

 Through the 1st half of February there were exactly 9 more units of inventory than in Feb 2024.

And in Today's News

Kash Patel Gets to Work – Immediately Moves 1,500 Agents from Headquarters Building, 500 FBI Agents Moved to Alabama

May be a good time to be selling in Alabama.

DC metro area has a population of 6 million. Birmingham Alabama (where the FBI field office is) has a population of 1.2 million.  These numbers are not anymore than if a Wal Mart opened or closed. There is no statistical significance to this. 

That's a potential jump of 5.2% of active listings in one day. That part is interesting.

By the way, comparing 5,000 families forced to move or quit, to the whole of the population isn't what I'm interested in. I don't think anyone thinks the entire population of D.C. is going away anytime soon.

It's "what is the change in real numbers of government employees in D.C. as a result of decisions made by the administration in 2025". We won't know until next January but it's interesting to watch and see if promises to reduce the government are kept.

There is talk of rescinding 200,000 jobs that haven't met the requirement to become permanent. An additional 70,000 seem to have accepted buyouts. The Newest IRS agents are being discussed as being sent to the border to become default border agents. And the chef in the food cart in front of the House Building was let go. That's a big one. ;-)

 And I believe  FBI agents salaries are somewhat higher than Walmart salaries.

 Yeah, you legit with every post continue to show us you have no clue how the world works.

100% of people who lose their job don't own their houses, 100% don't sell such houses when they lose their jobs.