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Reply to "Is there going to be panic selling?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Panic selling from fed layoffs? You would need to look for houses in Manassas or Fredericksburg to find those.[/quote] This. SFH inside the beltway are just too expensive for Feds, unless they had or have another source of income (family money, previous $$$ work in private sector, etc.), or if they bought ages ago and are close to retirement anyway, in which case they may not sell if they have a super low interest rate or house is already paid off.[/quote] Maybe for feds but not all the contractors getting laid off. [/quote] I think the problem is people suggesting certain timing. People’s homes are frequently the last thing they unload after losing a job. I know someone who was unemployed for two years before unloading their home. Telling people “oh they’ll be more inventory in the spring” is absurd. [/quote]
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