Reply to ripple effects from government employment/contracting uncertainty in DMV economy?

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[quote=Anonymous][quote=Anonymous]I live in Silver Spring. Lots of feds who are uncertain about their future. Even if they don’t get fired / RIF’d, they question the point of working for an agency whose heads want to undermine the mission (eg, EPA or HHS).

One canary I’m seeing: houses in my neighborhood used to get scooped up in days. No longer. Houses sitting for weeks and many more of them than I can recall being for sale this time of year - literally five or six in the blocks near me …. There weren’t that many at one time during the spring, which is usually the high point for sales in my community. People who can are leaving the area. It’s sad and I worry it will absolutely gut communities like mine. [/quote]

Been looking for similar signs in Upper NW DC but so far two homes were under contract in less than 2 weeks.  One is a complete remodel that had to drop their asking price by a decent amount (which they did quickly)...but still seems to be under contract for more than I would expect.

The other is for $3MM and under contract within a week.  That one surprises me because even in Upper NW DC you don't see many homes listed for $3MM.

There is literally only one home for sale right now in like a 3/4 mile radius of where we are.[/quote]

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