Is there going to be panic selling?

[Anonymous]

NW DC houses are still moving and getting asking. Don’t know how long it will last.

[Anonymous]

Anonymous wrote:I think there's going to be a massive amount of homes on the market this spring. Trump trimming down all these government agencies, laying off government employees, taking million dollar contracts away from defense contractors, and hitting the postal service. Md., DC, and VA going to suffer.

Where do you think will happen to the people who won those homes?

[Anonymous]

Anonymous wrote:

Anonymous wrote:With many homeowners having very low interest rates or no mortgage, many homeowners would look to rent their homes at rates higher than their mortgage payments

Yeah, no one is panic selling unless they are brand new homeowners who stretched to buy a house on two fed salaries.

We have a lower rate mortgage, and I've looked around at "lower cost" areas and, with the rates and the cost of houses everywhere, we wouldn't really save any money by moving. Unless we were moving to a mobile home in West Virginia.

Please let us alone in West Virginia. We don't want you to ruin our neighborhood with your pretentiousness and condescension.

[Anonymous]

A friend on the Hill is seeing for sale signs popping up.

[Anonymous]

Any current ancedotes don't count. Layoffs just started two weeks ago. No one lists their house in that short of time.

[Anonymous]

No because there is no where to go

[Anonymous]

The home listing activity we’re seeing now is largely due to it being the start of the spring market - we always see an increase in listing every year after the Super Bowl.

[Anonymous]

My aunt said they will probably sell and move to a lower cost of living area.

[Anonymous]

Anonymous wrote:A friend on the Hill is seeing for sale signs popping up.

Just did a Redfin search. 44 listings in the last 7 days. 29 of them already pending. Truly a bloodbath.

[Anonymous]

Anonymous wrote:Any current ancedotes don't count. Layoffs just started two weeks ago. No one lists their house in that short of time.

Of course they can. If you're a dual Fed/contractor couple that suddenly got laid off, there's no reason to remain in this high cost area. You move somewhere cheap and warm and try to stretch out your savings.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Any current ancedotes don't count. Layoffs just started two weeks ago. No one lists their house in that short of time.

Of course they can. If you're a dual Fed/contractor couple that suddenly got laid off, there's no reason to remain in this high cost area. You move somewhere cheap and warm and try to stretch out your savings.

There is no cheap and warm. Where is that paradise where you can sell your dc area metro housing and buy anything that doesn’t suck? This is assuming that prices do drop this spring and you have to stay competitive to sell fast?

[Anonymous]

Anonymous wrote:

Anonymous wrote:A friend on the Hill is seeing for sale signs popping up.

Just did a Redfin search. 44 listings in the last 7 days. 29 of them already pending. Truly a bloodbath.

I wonder what they will sell for, old market value or whatever the new one is.

[Anonymous]

Anonymous wrote:

Anonymous wrote:A friend on the Hill is seeing for sale signs popping up.

Just did a Redfin search. 44 listings in the last 7 days. 29 of them already pending. Truly a bloodbath.

So Musk is planning on eliminating 75% of federal employees and 95% of federal contractors. They have eliminated 0.06% so far. Look at the panic and hate. If Musk eliminates just 5% this area will be is a depression.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:A friend on the Hill is seeing for sale signs popping up.

Just did a Redfin search. 44 listings in the last 7 days. 29 of them already pending. Truly a bloodbath.

I wonder what they will sell for, old market value or whatever the new one is.

A house that goes under contract within 7 days is selling at or above asking.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:A friend on the Hill is seeing for sale signs popping up.

Just did a Redfin search. 44 listings in the last 7 days. 29 of them already pending. Truly a bloodbath.

So Musk is planning on eliminating 75% of federal employees and 95% of federal contractors. They have eliminated 0.06% so far. Look at the panic and hate. If Musk eliminates just 5% this area will be is a depression.

Just making up numbers now? 95% of federal contractors?