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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]How on Earth are people getting comfortable buying real estate in DC right now? I’m already a homeowner here and under different circumstances would be looking to upgrade my home but: - the Potomac River is a biohazard and sure that won’t be the case forever but didn’t we learn something here?? this area is such a disaster - truly - it’s so mismanaged that things like this are likely to keep happening - city may very well be under federal rule soon. Whole country going down the tubes but this area is uniquely bad. We’ve lost the Kennedy center. Smithsonians probably next. All those perks of living here will be gone by the time trump done with us I could go on but hopefully you get it. [b]Look…we are seeing it in prices. So yes demand is down. [/b] I’d love to have lived here long term in another universe…how are those of you who are deciding to double down on DC justifying it to yourselves. If you think the shit in the river or in the white house are good things, probably don’t care to hear from you. [/quote] Where are we seeing it in prices? DC area, especially close-in high demand areas are doing very well. The worst housing markets are in FL and TX primarily: Top 10 metros* with the largest year-over-year drop in home values Metro Typical home value as of October 31, 2025 YoY % change in value Austin, TX $426,454 -6.10% Tampa, FL $356,298 -6.09% Miami, FL $470,828 -4.79% Orlando, FL $384,931 -4.55% Dallas, TX $362,053 -4.02% Jacksonville, FL $347,020 -3.40% Phoenix, AZ $444,548 -3.36% San Antonio, TX $276,411 -2.97% Atlanta, GA $378,785 -2.92% Denver, CO $566,597 -2.92%[/quote] We met with an agent yesterday in DC. We want to downsize. The agent said the softest market is $1- $1.5m because those in that price range are most concerned about the economy. The $2M + market is going like gangbusters.[/quote] Anecdotally, we just had friends list their completely renovated house (right behind Politics and Prose in CCDC/Forest Hills) for $2.2 million and it went under contract in two days. Meanwhile on our block, on a side street off Nebraska down the hill, there is one house at $1.2 million that has been sitting since October and another similarly priced house just went on the market two doors down from that. Up the street there’s another house in that range that’s been sitting.[/quote]
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