Where are the people who said prices would plummet when the fed layoffs were announced?

[Anonymous]

The feds I know were basically treatment age and staying in their homes that they bought a long time ago.

[Anonymous]

*retirement age

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Anyone talking about MAGA on here is deluded. And I know this because I've been reading this forum ever since Trump was elected (and long before) and 99% of the sky is falling because of DOGE and DC real estate is going to take a massive hit were from anti-trump people. Give me a break.

And the MSN article is clickbait. 242 "cities" are going to be individual suburban towns that are classified as cities. Places like Piedmont, CA, Winnetka, IL, Bronxville, NY, you know, rich suburban towns. They're going to pack that list. Just like what they've always done. Here's a nice quote:

"The New York City metro area, which includes parts of New Jersey and Pennsylvania, leads all metro areas with 63 cities where a typical starter home costs $1 million or more. The San Francisco metro follows with 37, then Los Angeles (33), San Jose (13), Miami (8) and Seattle (8)."

D'oh. 63 cities in the tri-state, how is that even possible? Wait, oh, you mean rich suburbs in Westchester and Fairfield. Har har. "cities."

Great point. The vast majority of those "cities" are in the commuting range for Silicon Valley. Most of the rest are commuting to NYC. Even taking the report at face value, there is 1 such city in VA, 4 in MD, and I didn't see DC on the list.

That said, there absolutely were people on DCUM last year - not necessarily MAGA - hoping that fed layoffs would soften the real estate market so they could scoop something up. It was gross.

In our particular neighborhood the market has indeed softened (meaning not risen much) since the DOGE cuts. Lots of USAID people live around here. It's very localized.

+1. Possibly the same neighborhood. Plus no one is happy with MCPS changes impacting us here. On the plus side we’re walkable to metro which is an advantage as remote work declines. So maybe ultimately a wash.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Anyone talking about MAGA on here is deluded. And I know this because I've been reading this forum ever since Trump was elected (and long before) and 99% of the sky is falling because of DOGE and DC real estate is going to take a massive hit were from anti-trump people. Give me a break.

And the MSN article is clickbait. 242 "cities" are going to be individual suburban towns that are classified as cities. Places like Piedmont, CA, Winnetka, IL, Bronxville, NY, you know, rich suburban towns. They're going to pack that list. Just like what they've always done. Here's a nice quote:

"The New York City metro area, which includes parts of New Jersey and Pennsylvania, leads all metro areas with 63 cities where a typical starter home costs $1 million or more. The San Francisco metro follows with 37, then Los Angeles (33), San Jose (13), Miami (8) and Seattle (8)."

D'oh. 63 cities in the tri-state, how is that even possible? Wait, oh, you mean rich suburbs in Westchester and Fairfield. Har har. "cities."

Great point. The vast majority of those "cities" are in the commuting range for Silicon Valley. Most of the rest are commuting to NYC. Even taking the report at face value, there is 1 such city in VA, 4 in MD, and I didn't see DC on the list.

That said, there absolutely were people on DCUM last year - not necessarily MAGA - hoping that fed layoffs would soften the real estate market so they could scoop something up. It was gross.

In our particular neighborhood the market has indeed softened (meaning not risen much) since the DOGE cuts. Lots of USAID people live around here. It's very localized.

+1. Possibly the same neighborhood. Plus no one is happy with MCPS changes impacting us here. On the plus side we’re walkable to metro which is an advantage as remote work declines. So maybe ultimately a wash.

We are in DC so not the same neighborhood. But also walkable to the metro!

[Anonymous]

Brookland/Michigan Park has cooled considerably. I know a number of USAID folks and DOED who were laid off.

[Anonymous]

The problem is that people aren't looking for the market to cool. They want/need it to crash. Prices have risen so aggressively in the last few years that it's not enough for some to just see stagnant or small declines in prices. They want big drops. So like a house currently selling for 800k, they want it to go back to 2018 prices of like 650k. But the economics of that don't work for sellers, who often have the option of sucking it up and staying (low rates when they bought or refinanced mean they can lump along on one income or rent out a basement unit or something to cover it), or who would rather rent it out than lose all their gains.

I personally hope the market doesn't crash and am optimistic that good results in 2026 and 2028 will stabilize the economy here. But the people looking for a "dip" often actually mean crash.

[Anonymous]

Anonymous wrote:The problem is that people aren't looking for the market to cool. They want/need it to crash. Prices have risen so aggressively in the last few years that it's not enough for some to just see stagnant or small declines in prices. They want big drops. So like a house currently selling for 800k, they want it to go back to 2018 prices of like 650k. But the economics of that don't work for sellers, who often have the option of sucking it up and staying (low rates when they bought or refinanced mean they can lump along on one income or rent out a basement unit or something to cover it), or who would rather rent it out than lose all their gains.

I personally hope the market doesn't crash and am optimistic that good results in 2026 and 2028 will stabilize the economy here. But the people looking for a "dip" often actually mean crash.

This. Many on this board who sat on the sidelines waiting for an entry point for years, and that entry point for them is half off+ sales on listed homes. Lol.

[Anonymous]

Most of the Feds we know have a non-Fed partner in a stable well-paying job. And many RIFed people got several months of severance and also found new jobs. I’m glad all the real estate ghouls got disappointed.

[Anonymous]

A crash in DC isn’t going to happen. The rest of the country’s real estate market rose far more than ours and DC is a relative bargain.

[Anonymous]

I'm a Federal Employee and I guessed that home prices would decrease across the DMV from 5% to 10% from 2025 to 2026. Does anyone have the stats on home price depreciation/appreciation? I haven't been following the real estate market lately, but I sense home prices are mostly flat, with no declines.

[Anonymous]

I've been trying to guess the sales point for several houses in my neighborhood and some I miss high and some I miss low. I think we are generally treading water right now. The one thing I have noticed is that there is a really nice house with a subpar location on a busy street not far from us. That thing would have sold easily in the busy times, but is currently sitting at a reasonable price point. So, at least in my corner of Fairfax County, buyers are being more particular.

[Anonymous]

What are you talking about about? I'm seeing lots of price softening in DC proper - lots of "price improvements" happening quickly. You must live in West Virginia in a trailer park. Of course, nothing has changed there.

[Anonymous]

Prices at least in my area haven't moved much in more than three years now. So accounting for inflation, they've come down.

[Anonymous]

NW DC resident here and the prices seem stable and in some cases excessive.

[Anonymous]

Anonymous wrote:I'm a Federal Employee and I guessed that home prices would decrease across the DMV from 5% to 10% from 2025 to 2026. Does anyone have the stats on home price depreciation/appreciation? I haven't been following the real estate market lately, but I sense home prices are mostly flat, with no declines.

The latest stats from Redfin is that home prices have actually increased 5% yoy, particularly in Arlington. I don’t have the link right but you can look that up.