Mike Obre Group EVP and Principal Mike Obre explains why housing prices are still high as the ‘Cavuto: Coast to Coast’ decreases in hostage rates.
Housing market Washington DC According to Redfin agents, other areas with high concentrations of government workers have already been affected by the new policies of the Trump administration.
Return-to-office mandate to Federal worker According to the report, home buyers have increased, but “uncertainty” about federal job cuts has discouraged others from buying or selling their homes.
chairman Donald Trump On January 29, it was announced that the federal employees would be fired if they do not return to the person’s work in early February.
President Donald Trump signed a series of executive orders at the Oval office at the White House on 10 February. (Andrew Harnik / Getty Image / Getty Images)
Stuart Narancha, a radphine premiere agent at Washington, DC, said, “I recently worked with a couple who bought their dream home a few years ago, but now they are considering listing because they are public transportation Want to stay close to. ” They both work for the government, and want more convenient traffic as they will soon need to return to work. ,
According to Redfin data, house prices in the country’s capital were 8.6% lower in January, selling for an average price of $ 560,000, compared to last year.
While in January this year, the market was spent in homes for about a week, the total sales for the month were from last year.
The protesters indicated during a protest against Elon Musk outside the US Treasury Building at Washington, DC on Tuesday, 4 February. (Stephanie Reynolds / Bloomberg Getty Image / Getty Image)
However, instability in the federal job market can turn into a housing market.
Government efficiency department (Dog)The purpose of ending the expenses and increasing efficiency of the useless government is to cut the $ 2 trillion from the federal government budget by abolishing the programs and trimming the federal workforce.
A procurement proposal, which has been extended, has already been accepted by around 65,000 employees, Fox News Digital had previously reported.
A White House official told Fox News Digital on 4 February, “The number of resignations is increasing rapidly, and we are expecting the biggest spikes 24 to 48 hours before the deadline.”
The Trump administration on Thursday ordered the agencies to close most of the probationary employees without civil service safety, possibly affected hundreds of thousands of federal workers.
Since the inauguration, I have met some people, including a federal government employee, who are selling due to exclusively anticipated return-to-office order, “said Redfin Premier Agent Joe Chavez said. Canus City, Missouri“I also talked to a customer who wanted to sell and upgrade a large house, but he canceled the plans because he is worried about losing his job due to restructuring government jobs.”
The protesters ralled outside the US Treasury Department, as it was reported to the billionaire Elon Musk, who is leading the federal government of US President Donald Trump, access to the federal payment system of the treasury SE (Reuters / Kent Nishimura / Reuters)
Recently, Dogi on Friday fired 3,600 probationary health and human service employees.
Federal activists gathered outside the Department of Health and Human Services at DC on Friday, to oppose the cut, the concerned Fox 5 DC.
According to the report, the protesters indicated, “No one voted for Elon Musk,” and “federal activist Dogi Ko Defi Dog”.
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Sam Kosmas of Fox 5 DC contributed to this report.
