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Posted on 05/08/2025 2:21:07 PM PDT by cotton1706
A Redfin analysis shows that the number of homes for sale in Washington, DC, rose at the fastest pace on record last month.
Sweeping layoffs of government workers spearheaded by DOGE boosted the figure.
DOGE slashed over 200,000 federal jobs in March alone, one analysis found.
Widespread layoffs of federal workers are rippling through the housing market of the nation's capital, with Washington, DC, in April seeing the biggest surge in the number of homes for sale ever recorded, data from Redfin shows.
Active listings of homes for sale in Washington, DC, soared 25.1% year-over-year in the four weeks leading up to April 27, the real estate listings site said on Wednesday.
The firm said it's the largest increase in active housing inventory in the area ever recorded, with its data stretching back to 2015. That's compared to a 14.1% increase in homes for sale nationwide, which Redfin said is the smallest increase since March of last year.
"Quite a few people in DC are selling their homes because they're losing their jobs," Mary Bazargan, a Redfin agent based in the region, said in a note. "Many of those people are planning to leave the area because the cost of living is high and they want a new job that allows them to work remotely and be closer to family."
The Department of Government Efficiency, which has sought to slash $2 trillion in government costs, has not released official figures on the number of federal workers it has cut.
(Excerpt) Read more at msn.com ...
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Will northern Virginia no longer swing Virginia blue once droves of bureaucrats are gone?
“once droves of bureaucrats are gone?”
Bigger problem is where they move in the other 49.
Great. Heading toward 10% of workforce, next 10% hopefully on the way out.
Too bad, so sad.
been checking my zip code which is right on the beltway
my neighborhood is about 30% fedgov
i have not seen any significant increase
not too worried
not going anywhere any time soon
Well maybe some of those homes should be claimed by the city for low-cost housing. That’s what a good Lib would do.....
Not just layoffs. Many are retiring.
Not just layoffs. Many are retiring.
Not tired of winning yet.
Hmmmmmm.....Wonder how many of those homes were purchased via people “working” for nonprofits and NGOs funded with the USAID money laundering scheme?
Liberills love to cash in on shortages, but there's a flip side to that coin.
Did all of this home selling happen when Clinton or other presidents fired the same or larger percentages of workers? I don’t recall it.
My daughter said this Doge move has backfired on Trump because people are leaving before they get fired. She believes there are not enough people remaining to maintain their high standards. Obviously she’s upset with me, the laughing I guess didn’t help. Sweetie, I love you but welcome to the real world. You either work harder or get shown the door, Next.
Bottom line: Will it turn Virginia blue?
Not really. The houses are selling in a few days and over asking price.
Some of the selling is normal because a new administration has come in. After Obama, very few of his people left like they normally do at the end of a Presidential term. Obama stayed and his people stayed and worked for Biden. Trump came in and they either left in their own, which is typical, or got canned. New people will replace them.
I know a few.
It’s already blue.
High Standards????? Uh, has she been to a govt office and seen their work product?
Trust me. The houses are selling just fine.
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