The EVP of the Mike Aubrey group and the director Mike Aubrey explains why housing prices are always high as mortgage rates fall on “Cavuto: Coast to Coast”.
Housing markets in Washington, DC And other areas with a high concentration of civil servants have already been affected by the new Trump administration policies, according to the Redfin agents.
Return to the office for federal workers led to an increase in house buyers, but “uncertainty” on federal job cuts has discouraged others from buying or selling their homes, according to the report.
President Donald Trump announced on January 29 that federal employees would be dismissed if they did not return to work in person in early February.
President Donald Trump signs a series of decrees in the White House oval office on February 10. (Images Andrew Harnik / Getty / Getty Images)
“I recently worked with a couple who bought their dream house with me a few years ago, but now they plan to register because they want to be closer to public transport,” said Stuart Naranch, A Redfin first -rate agent in Washington, DC “They both work for the government and want a more practical journey, because they will soon have to go back to work in person.”
The prices of houses in the national capital fell 8.6% in January, compared to last year, selling at a median price of $ 560,000, according to Redfin.
While the houses spent about a week more on the market in January of this year, the overall sales of the month increased compared to last year.
The demonstrators hold signs during a demonstration against Elon Musk outside the American Treasury building in Washington, DC, on Tuesday, February 4. (Stefani Reynolds / Bloomberg via Getty Images / Getty Images)
However, instability in the federal labor market can result in the housing market.
THE Government Department of Effectiveness (DOGE)Who is responsible for eliminating public spending from waste and increasing efficiency, aims to reduce 2 billions of dollars from the federal government budget by eliminating programs and reducing federal workforce.
An offer of buyout, which has been extended, has already been accepted by around 65,000 employees, previously reported Fox News Digital.
“The number of deferred resignations increases rapidly, and we expect the largest point from 24 to 48 hours before the deadline,” said a White House official at Fox News Digital on February 4.
On Thursday, the Trump administration ordered the agencies to dismiss most of the employees probative without protection of the public service, potentially affecting hundreds of thousands of federal workers.
“Since the inauguration, I have met a few people, including an employee of the federal government, who sells specifically due to return to office orders,” said Jo Chavez, an agent of Prime Minister of Redfin in Kansas City, Missouri. “I also talked to a client who sought to sell and move to a larger house, but he canceled these plans because he feared losing his job due to the restructuring of government’s jobs.”
The demonstrators gather outside the US Treasury Department after having been reported that the billionaire Elon Musk, who directs the will of the American president Donald Trump to shrink the federal government, had access to the federal payment system of the Treasury that (Reuters / Kent Nishimura / Reuters)
More recently, DOGE dismissed Friday 3,600 probationary health and social services.
Friday, federal workers gathered outside the Ministry of Health and Social Services in DC to protest against the cuts, reported the Fox 5 DC affiliate.
The demonstrators wore panels indicating: “No one voted for Elon Musk” and “the federal workers challenge Doge”, according to the report.
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Sam Kosmas of Fox 5 DC contributed to this report.
