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Reply to "Is there going to be panic selling?"
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[quote=Anonymous][quote=Anonymous][b]Wouldn’t the RTO counter this trend a bit in DC proper?[/b] I know of many businesses that closed downtown during Covid. Hopefully those restaurants, bars, businesses will reopen now that most people need to be in the office 5 days a week. Also, with the RTO in place so see more people wanting to live in DC and move closer if they had previously prioritized larger homes in quieter areas because they only needed to commute a couple of days a week. We also own and react out a few homes in DC and I am worried about people leaving the city.[/quote] Yes. Houses for rent are getting a LOT of interest and renting right away -- which is very recent, the last few weeks recent. Houses for sale are getting multiple offers and going under contract right away, but that isn't new and could change. We'll see. My knowledge is NoVa only though. [/quote]
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