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Home lists near Washington, DC, in 47% compared to this time last year. (Fox 5 DC)
“For Sale” marks are found everywhere in Washington, DC everywhere Trump management Federal Shakeup.
The number of active home lists in the nation’s capital increased by about 47% compared to this time last year FOX5 DCBright MLS with reference to data from the real estate agency.
On the wheel, the Bright MLS Chief Economist Lisa Sturtevan reports that in March 6,000 new list and 6,000 new list and almost 5,000 new pending contracts in the DC region.
Sturtevan said the exit, the increase in inventory is great for the real estate market, as it was “historically low levels”, it is great for the real estate market.
From the turn to federal designs, how the Trump policy affects the DC housing market: report
On November 19, 2023, in Washington, the “Open House” in the DC is seen in the “Open House”. (Nathan Howard / Bloomberg / Getty Images)
“Inventory has been so firm here here Washington area“Sturtevant said. The market is a good thing for more inventory market. “
Last week, average sales prices in DC region were shown at $ 630,000 in $ 630,000, according to the bright MLS. Although prices remain high, FOX5, only 41 days in the market, the price of $ 45,000 in the market has declined.
Washington DC gets ‘Trump Bump’ in the luxury home market
A house for sale in Washington is seen on February 14, 2023. (Aaron Schwartz / Xinhua / Getty Images)
The increase in new lists was fueled by high concentration of federal workers affected by the new policy of the Trump Administration, The fox work was previously reportedreferring to Redfin agents.
This Government Efficiency DepartmentThe federal laborer crashed between agencies, such as health and human services and internal income service, which aims to eliminate wasteful state spending.
In addition, the purchase proposals were adopted by about 75,000 employees, Fox News Digital reported.
Return-office mandates also affected the real estate market. The fox work previously led his homes in the face of a DC-region couple, who had to return to the office, to find their homes better closer to public transport.
A number of houses along the Southeastern Valley Avenue in the Washington Highlands neighborhood of Washington are seen on February 23, 2024. (Rouse for Tristen Washington Post / Getty Images)
The abundance of houses for sale presents an opportunistic point for buyers.
“Developers buy these houses, because they are reasonable priced,” North-West DC resident Robin Roth Fox5 told Robin Roth Fox5. “They develop them, put a third story and went.”
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Although new lists are dramatically increased, the apartment market is still performing before pandemic levels before pandemic levels.
DC Mayor Muriel Bowser also said he believed in the capital Real estate According to the speech, there is still place in the market.
“I remain very optimistic about the city’s center on the future of Colombian region,” Bowser said. “We have prepared a plan, handed over to the plan, we continued to move people with ideas. We continue to attract and invest.”
Fox News’ Alexandra Koch contributed to this report.
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