The DOGE Downturn - Kensington

[Anonymous]

Already seeing price drops in Kensington and houses selling for way less than they would have in 2023 and 2024. Examples.

Dropped $25,000. Would have been pending in a week a year ago.
https://www.redfin.com/MD/Kensington/10313-Freeman-Pl-20895/home/10962293

Pending, but would have sold for $900,000+ a year ago
https://www.redfin.com/MD/Bethesda/9603-Parkwood-Dr-20814/home/10995188

Sold for a bit more than 2br tear downs sold for in 2023-2024
https://www.redfin.com/MD/Kensington/4312-Matthews-Ln-20895/home/11012713

[Anonymous]

I have no doubt prices will come down but we need to look at market statistics, not individual houses. We'll see how things look a few months from now when we have the data.

[Anonymous]

Prices are dropping everywhere.

[Anonymous]

The only relevant data are sales of homes that are actually selling below their last sales price…not what homes would theoretically be worth last year.

This area as a whole is still selling for slightly higher prices than last year.

Go look at Florida and Texas for actual price drops…inventory there is much higher than pre COVID and they are seeing 10%+ price drops in many markets.

[Anonymous]

That’s great news!

[Anonymous]

Let’s call it what it is, the trumpeter recession. Doge was just a way to shift blame. We know who is behind this.

[Anonymous]

Anonymous wrote:Let’s call it what it is, the trumpeter recession. Doge was just a way to shift blame. We know who is behind this.

+1 DOGE hasn’t done as much as you think.

[Anonymous]

Prices dropping in Rockville too. To the tune of 50-100k on 1M dollar houses

[Anonymous]

Anonymous wrote:

Anonymous wrote:Let’s call it what it is, the trumpeter recession. Doge was just a way to shift blame. We know who is behind this.

+1 DOGE hasn’t done as much as you think.

Agreed. When all is said and done, I actually wonder how much the federal workforce will have shrunk. My guess is 5%. Certainly that won’t be even across all agencies but I think it’s been lots of headlines for very little in the way of results.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Let’s call it what it is, the trumpeter recession. Doge was just a way to shift blame. We know who is behind this.

+1 DOGE hasn’t done as much as you think.

Yes it has. My neighborhood is full of fired Feds from Dept of Ed, EPA, FDA, NIH, and USAID. Some have spouses who aren’t Feds who can keep them afloat but it’s not that easy for niche experts to get a new job, particularly in the scientific research space where the cuts have been brutal.

[Anonymous]

I'm not sure how one can make a blanket statement about an area by cherry-picking three of the dingiest-looking houses they could find.

[Anonymous]

Anonymous wrote:

+1 DOGE hasn’t done as much as you think.

You have to be kidding

https://www.axios.com/local/washington-dc/2025/05/07/home-inventory-spike-doge-layoffs

[Anonymous]

Anonymous wrote:

Anonymous wrote:Let’s call it what it is, the trumpeter recession. Doge was just a way to shift blame. We know who is behind this.

+1 DOGE hasn’t done as much as you think.

+3 I agree too!

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Let’s call it what it is, the trumpeter recession. Doge was just a way to shift blame. We know who is behind this.

+1 DOGE hasn’t done as much as you think.

+3 I agree too!

Chorus of the ignorant.

[Anonymous]

Anonymous wrote:The only relevant data are sales of homes that are actually selling below their last sales price…not what homes would theoretically be worth last year.

This area as a whole is still selling for slightly higher prices than last year.

Go look at Florida and Texas for actual price drops…inventory there is much higher than pre COVID and they are seeing 10%+ price drops in many markets.

LOL. If someone bought a house 30 years ago, price drops from last year's values aren't relevant as long as it sells for what the owner paid for it?