Who in the world would buy or sell a house in the DMV right now?

[Anonymous]

We need to sell.
We are moving out of state.

[Anonymous]

Anonymous wrote:With all this instability?
It seems like a really, really reckless move.

There is no evidence that anyone if following you. Listings have not gone up or down.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:The only people buying are tromp appointees he’s bringing in from the hinterlands, and they are paying top dollar only to sell at 25% in 4 years

I know plenty of non-appointees with money waiting for prices to drop. I’d buy some investment properties if prices were to drop to an attractive level.

+1 if the real estate market crashes, I plan to buy a nice condo in DC for retirement. There is so much new condo construction that they'll be unloading them at a fraction of their former asking prices.

Why do you think the real estate market would crash -- there is no basis for that. And the condo you mention is not one that federal workers would buy so that will not drop.

[Anonymous]

Anonymous wrote:

Anonymous wrote:DC housing has such a high demand and people been waiting for years to buy that any slight decrease in prices will be bought up right away.

Yep. Plus the area still has a TON of all cash buyers. Take Arlington for example, in 2024 I think it was something like 23% of SFH purchases were all cash - that's 1 out of every 5 homes which is nuts when the median SFH there is over $1.3M.

If we start to see the cash buyer %'s drop significantly that will indicate to me the $$ is drying up, otherwise there's just too much money (whether family $ or from non-gov related high income jobs or both) and demand in this area combined with historically low supply.

The count of the 77% of non-cash buyers is going to fall.

[Anonymous]

Anonymous wrote:

Anonymous wrote:DC housing has such a high demand and people been waiting for years to buy that any slight decrease in prices will be bought up right away.

lol the market is going to crash. Anyone would be crazy to buy a house in the DMV for the next two years.

I work for a large firm and it’s a sad time to be a government contractor. If they continue down this road then a lot of us are out of a job.

[Anonymous]

RTO is going to offset any layoffs as those feds will move closer in

[Anonymous]

Anonymous wrote:RTO is going to offset any layoffs as those feds will move closer in

Most feds aren't going to buy unless a family member is also working in private, non fed non contracting, unless they are flush with family money.

[Anonymous]

Anonymous wrote:RTO is going to offset any layoffs as those feds will move closer in

Do you not get it? There is no RTO. They are laying off people. They were hoping people wouldn't come back. They are laying off government workers and ending contracts. DOGE is providing real time updates of the contracts they are ending by the hour.

[Anonymous]

Anonymous wrote:RTO is going to offset any layoffs as those feds will move closer in

This is such incredibly wishful thinking. They’re going to cut so much of the federal workforce and outsource much of the remainder.

I hope I’m wrong.

[Anonymous]

Bought one today.

We did lower our budget for the house by quite a bit given all of the instability. We preferred to be financially conservative about things. But we wanted to buy and we found a house we love and we bought.

We own another home that we are renting out. When the tenants leave in June, we are most likely selling. Keeping our options open with that one, though. It's worth at least 400k more than the one we bought.

[Anonymous]

They’re going to privatize everything and pay contractors more for doing less, as usual. Home prices will probably go up. But yes, also worried about a totally crash of the economy in general.

[Anonymous]

Anonymous wrote:

Anonymous wrote:RTO is going to offset any layoffs as those feds will move closer in

Most feds aren't going to buy unless a family member is also working in private, non fed non contracting, unless they are flush with family money.

so, they would rent and that is going up too. Rent for SFH is Fairfax (22030-33) is more than $5K/mo

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:RTO is going to offset any layoffs as those feds will move closer in

Most feds aren't going to buy unless a family member is also working in private, non fed non contracting, unless they are flush with family money.

so, they would rent and that is going up too. Rent for SFH is Fairfax (22030-33) is more than $5K/mo

Still cheaper than owning at these prices and rates

[Anonymous]

With interest rates still so high, the market is still really frozen. No one can afford to sell due to where rates are at right now. Prices may adjust more as rate trajectory becomes more certain.

[Anonymous]

Just wrapped up a bidding war with three cash offers and two offers with over 50% down payments on a $1,370,000 house. My clients sold and another agent's clients bought and four other people want to by.