Reported about 17 hours ago
The D.C. housing market, known for its competitiveness and high prices, faces growing uncertainty due to government layoffs and economic downturns. Despite still being a seller's market with median home prices over $600,000, signs of change are emerging as buyers gain some leverage with increased price cuts and declining showings. Real estate experts are cautious, indicating that while the effects of layoffs have not hit the market hard yet, there is a sense that the landscape may shift in the coming months.
Source: YAHOO