Darth Powell stirred debate by highlighting a surge in Washington, D.C. housing inventory, attributing it to layoffs by the Department of Government Efficiency. However, Bright MLS refuted this, stating that recent listing activity resembles 2024 trends, with some areas seeing increases balanced by decreases elsewhere. Analysts urge caution against sensationalized social media narratives, emphasizing that federal workers form a small portion of the area's workforce, and Altos Research suggested inventory levels remain stable compared to post-pandemic trends.
Bright MLS countered that, 'We're not seeing any evidence of a surge of listing activity in the Washington, D.C., region,' indicating stability despite social media claims.
HousingWire Lead Analyst Logan Mohtashami advised, 'be cautious with those doomsday posts floating around on X,' calling for analytical restraint before concluding about the market.
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