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Home listings in Washington, D.C., see biggest jump ever as sellers accept lower, all-cash offers amid DOGE layoffs


Published on 2025-05-11 14:46:30 - Fortune
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  • Some home sellers who are nervous about layoffs have turned down higher offers that are financed.

The U.S. housing market in Washington, D.C., is experiencing significant shifts due to federal government layoffs, particularly from the newly established Department of Government Efficiency (DOGE). These layoffs, aimed at reducing government spending, have led to a surplus of homes on the market as federal employees, who typically have stable incomes, are forced to sell their properties. This influx of listings has caused home prices in the D.C. area to drop by an average of 10% over the past six months, making it a buyer's market. Real estate experts predict that if the layoffs continue, the trend could spread to other cities with significant federal employment, potentially impacting national housing market dynamics.

Read the Full Fortune Article at:
[ https://fortune.com/2025/05/11/us-housing-market-washington-dc-federal-government-layoffs-department-of-government-efficiency-doge/ ]