Such a message is from the Instagram user Darth PowellA personality on social media with a history of strong opinions about the American housing market. Powell shared an image This shows an exorbitant number of houses for sale in the Washington, DC, area area. Many observers attributed the increased inventory to the recent dismissals pushed by the “Department of Government Efficiency” guided by Elon Musk (Doge).
Bright MLS has prevented this message by saying: “We see no evidence of an increase in mention activities in the Washington region, DC,.” According to Bright MLS, there were 2,829 new mentions that came the market between 3 February and 16 February. That does not differ from the same two weeks in 2024, according to the report.
Among the most important provinces in the DC Metro area, Spotsylvania County, Virginia saw the largest increase in the available inventory (an increase of 27%), according to Bright MLS. Some other markets also had double digits, but they were balanced by double digits in other areas.
Bright MLS indicated that “nothing about the geographical pattern of listing activities suggests that it is related to homeowners who are or were employees of the federal government.”
Data of the American office for personnel management Show that federal employees are good for 9% of the workforce of the region. USAJOBS.COM that claims Only 15% of the federal workforce Lives in the DC area.
Some industry experts warn against taking Doomsday messages from the housing market seriously.
Housing Main analyst Logan Mohtashami recently reported on the job loss in the DC area and their effects on the houses.
“Before you draw conclusions, I want to share a word of wisdom: be careful with those doomsday stations that float around X“He wrote. Altos Research The claims of the social media invalidate data that show that inventory in DC is not much higher than the post-Pandemic low points.
