How federal government layoffs are affecting the DC housing market: Report
Mike Aubrey Group EVP and principal Mike Aubrey explain why home prices are still high as mortgage rates fall on “Kabuto: Coast to Coast.”
Housing Market Washington DC Other regions where government workers are concentrated are already affected by the Trump administration’s new policies, according to Redfin agents.
Office duties Federal workers The report said it led to an increase in home buyers, but the “uncertainty” of federal employment cuts discourages others from buying and selling homes.
president Donald Trump On January 29th, it announced that federal employees will be fired if they fail to return to in-person work by early February.
President Donald Trump will sign a series of executive orders at the White House Oval Office on February 10th. (Andrew Harnik / Getty Images / Getty Images)
Doge says he dug another $1.9 billion in taxpayer money by Biden Administration, “misguided”
“I recently worked with a couple who bought my dream home with me a few years ago, and they are considering the list because they want to get closer to public transport,” says Redfin, Washington, DC. said Stuart Naran, a premier agent. They both work for the government and want a more convenient commute as they need to return to in-person work soon. ”
According to Redfin data, the country’s capital home prices fell 8.6% compared to last year, selling at a median of $560,000 compared to last year.
The home spent about a week longer on the market this January, but total sales for the month increased from last year.
Protesters held signs on Tuesday, Feb. 4, during a protest against Elon Musk outside the U.S. Treasury Building in Washington, D.C. (Stefani Reynolds / Bloomberg by Getty Images / Getty Images)
However, instability in the federal job market could translate into the housing market.
Government Efficiency Bureau (doge)it aims to cut $2 trillion from the federal government budget by eliminating unnecessary government spending and increasing efficiency.
Fox News Digital has already accepted the previously reported acquisition offer previously reported by Fox News Digital, which has already been expanded to approximately 65,000 employees.
Doge says he dug another $1.9 billion in taxpayer money by Biden Administration, “misguided”
“The number of postponed resignations is rising rapidly, and we expect the biggest spike 24-48 hours before the deadline,” a White House official told Fox News Digital on February 4th. .
The Trump administration on Thursday ordered agencies to fire most probation employees without civil servant protection, potentially affecting hundreds of thousands of federal workers.
“Since the inauguration, I have met a few people, including federal employees who are selling specifically for the expected office order,” said Joe Chavez, Redfin’s premier agent. Ta. Kansas City, Missouri. “I also spoke to clients who are trying to sell to bigger homes to upgrade, but they are worried about losing their jobs due to government jobs restructuring, so he has to offer those plans. I’ve cancelled it.”
The protesters gathered outside the US Treasury Department after billionaire Elon Musk, who leads US President Donald Trump’s willingness to reduce the federal government, was reported, and they gathered to the Treasury Department’s federal payment system. I’ve gained access. (Reuters/Kent Nishimura/Reuters)
Most recently, Doge fired 3,600 probation aid and Human Services employees on Friday.
FOX 5 DC affiliates met outside DC’s Department of Health and Human Services on Friday to protest the cuts.
The report said protesters reported signs saying “no one voted for Elon Musk” and “federal workers are rebelling against the Doge.”
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Sam Kosmas of Fox 5 DC contributed to this report.