Is there going to be panic selling?

[Anonymous]

Anonymous wrote:Well I guess time will show as always who was wrong and who was right ! It will show if I was clueless toddler or you were being the smartest adult !
But during greatest unknown is not a bad idea being a little optimistic and not great instill fear and despair!

Whoever is responsible for the bot who wrote this: it still needs tweaking.

[Anonymous]

Its probably the homes in the $1-$2M range that will be most affected. The buyer pool is going to get squeezed, especially if rates stay where they are. And if sellers need to sell, they might take a 2020 era price (which may still be a tidy profit depending on when they bought).

[Anonymous]

Anonymous wrote:

Anonymous wrote:One a few houses down from us in Potomac listed for $2.1M on Jan. 30 and was pending by Feb. 2. I’m not seeing the panic yet.

McLean is safe too

[Anonymous]

Anonymous wrote:

Anonymous wrote:Let’s be honest - DC kind of sucks

If you are a dem and not “in the game” / gang of 500 , it’s better to sell off and retrench to boston/New England, Seattle, hell even Philly, tri state

No there are tons of defensive contractors, non profits that are both republican and democrats, etc. if there is a lot less government there will be a lot less lobbyists.

Trumpers are removing 25% of the GDP of the country and distributing another 30-45%. There will be few jobs with many applicants. Salaries will be greatly reduced and unemployment will be very high(not just in DC). This will cause big recession or worst.

It will take 10 years for everything to settle down. During this time the markets will tank and not rise(lost generation like in the 1970’s). In the meantime the DMV will be a ghost town. Think Detroit or the rust belt.

I do not see the country staying together. It will break up in to regional counties.

I was thinking about this type of scenario too.

[Anonymous]

Anonymous wrote:

Anonymous wrote:RTO will balance out the real estate market in DC or close enough in to commute.

This.

Very few people will want to move to DC to commute into a job that may or may not even exist.

[Anonymous]

Anonymous wrote:So glad we have held out to buy. Hoping to pick something up cheap cheap cheap by the end of the year. Silver lining will be if interest rates go down too!!

You’ll probably still need to have a job to get a mortgage, but with all the regulatory agencies getting cut maybe lenders will give anyone a mortgage and we can just repeat the 2008 financial crisis in 2030.

[Anonymous]

People talking about getting a house for cheap are missing the point. Who tf cares if you can get a house when this Buffon is clearly going to crash the economy? Between deepseek and tariffs the stock market is going to be in the toilet. Unemployment is already higher than anticipated. Eggs are $20. Interest rates are high. But yes you can finally afford that house in McLean…

[Anonymous]

Anonymous wrote:People talking about getting a house for cheap are missing the point. Who tf cares if you can get a house when this Buffon is clearly going to crash the economy? Between deepseek and tariffs the stock market is going to be in the toilet. Unemployment is already higher than anticipated. Eggs are $20. Interest rates are high. But yes you can finally afford that house in McLean…

This will be accompanied by a recession and stock market crash which will be a reflective of the reduction in house pricing. So housing pricing will be reduced but so will salaries and stock market portfolios. If you can’t afford a house now why would you be able to afford it with a 20% reduction in your salary?

Many people will be under water on their house. Trump wants to do away with FDIC.

[Anonymous]

Inventory is starting to increase in areas where I am looking. Kind of surprised that some appealing and fairly priced houses did not go under contract during their first week on the market.

[Anonymous]

It's too early to tell. We know their long term goal. Their goal is to shrink the number of federal jobs. Yes, they will ultimately have some success. How much success that's anyone's guess?

However, if they mange to cut say 200,000 federal jobs over the next 4 years, I think we can see home impact on the housing market in the DMV.

I just hope our fellow citizens who are fed workers survive this inhuman assault on their livelihood. They have done nothing wrong.

[Anonymous]

Anonymous wrote:

Anonymous wrote:It's not nearly as expensive everywhere else. Lots of mid-sized cities that are way more affordable, especially in places that people on this board would call flyover country. Those places are safe, have good schools, and don't have nightmare commutes if you have to live far from your job. Broaden your horizons -- there's more to the world than the DMV.

Nice try but most of us are from.those places and we know why we left.

How long ago did you leave? My DC grew up in the DMV and is now in college in a city in "flyover country." He spent last summer back living in Capitol Hill and came away deeply unimpressed with the city. The city he is in is booming and a much better place to be young. DC was drab and boring in comparison. Maybe RTO to office will help, but DC is still not the same place it was before COVID.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:It's not nearly as expensive everywhere else. Lots of mid-sized cities that are way more affordable, especially in places that people on this board would call flyover country. Those places are safe, have good schools, and don't have nightmare commutes if you have to live far from your job. Broaden your horizons -- there's more to the world than the DMV.

Nice try but most of us are from.those places and we know why we left.

How long ago did you leave? My DC grew up in the DMV and is now in college in a city in "flyover country." He spent last summer back living in Capitol Hill and came away deeply unimpressed with the city. The city he is in is booming and a much better place to be young. DC was drab and boring in comparison. Maybe RTO to office will help, but DC is still not the same place it was before COVID.

What city is he in?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:It's not nearly as expensive everywhere else. Lots of mid-sized cities that are way more affordable, especially in places that people on this board would call flyover country. Those places are safe, have good schools, and don't have nightmare commutes if you have to live far from your job. Broaden your horizons -- there's more to the world than the DMV.

Nice try but most of us are from.those places and we know why we left.

How long ago did you leave? My DC grew up in the DMV and is now in college in a city in "flyover country." He spent last summer back living in Capitol Hill and came away deeply unimpressed with the city. The city he is in is booming and a much better place to be young. DC was drab and boring in comparison. Maybe RTO to office will help, but DC is still not the same place it was before COVID.

Not surprised. This happened in most downtowns.

[Anonymous]

Some people here think DC job market will be entirely gone because everything outside of essential businesses and services/luxuries is government related and our new government will be non-existent. In addition, they believe there will be no private business moving here ever. The plan is to empty the entire metro area of 6 mil people or turn it into what some on X is hope: rural Mississippi, Detroit, or Baltimore (local's choice).

I think people are panicking and a lot of fed related employees/contractors thinking they were set for life are "shell shocked" right now. I totally understand, with so much uncertainty. But the above paragraph just shows the train of thought of those who think DC metro housing dump will be like no other. I am sure there will be enough people who will panic and are already contacting their RE agents. RE agents happy with the sudden interest in their profession are only happy to oblige and tell them how many other people are thinking about listing and that if they don't hurry they'd miss the train selling at the top and will have to lower the prices significantly to compete with the crazy surplus of listings.

personally, I think there will definitely be more listings. Every time administration changes (especially when parties change) there is movement in-out of DC, it's a given. This year there will be more of it, but the entire metro area won't be for sale with nobody buying. There will be buyers too. Probably more movement and more money for the realtors who were struggling last few years.

[Anonymous]

Anonymous wrote:Its probably the homes in the $1-$2M range that will be most affected. The buyer pool is going to get squeezed, especially if rates stay where they are. And if sellers need to sell, they might take a 2020 era price (which may still be a tidy profit depending on when they bought).

Fingers crossed. We keep getting outbid in this price range because we only have 20% down payment.