Recent reports of the death of the Washington, DC, housing market are greatly exaggerated, according to listing data and local real estate agents.
In recent days, false claims have circulated widely on social media alleging that Elon Musk‘s efforts to slash federal spending through the Department of Government Efficiency have triggered a fire sale of homes in the DC area.
One widely shared image used the mapping function on Realtor.com to show what appeared to be a huge proliferation of new listings in the DC suburb of Arlington, VA.
However, the image was deceptively zoomed and cropped, with each listing icon covering more than a mile of distance on the map, falsely making it appear that nearly every home in the area is for sale.
In reality, Realtor.com listing data does not show a dramatic shift in DC home prices or listing activity since President Donald Trump took office in late January.
Although inventory is rising and prices are cooling in the DC area, those trends predate the election, and are largely in line with national trends.
“DC is not a booming market, but it’s not crashing either,” says Realtor.com senior economist Joel Berner. “It’s really pretty average within a national market that’s also cooling.”
Over the first two weeks of February, 2,829 homes were newly listed for sale in the DC region.
While that might seem like a lot, it is just nine more than the 2,890 that hit the market in the same period last year, according to Bright MLS, the regional listing...
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