DC home values drop 30% in three months

https://www.housingwire.com/articles/the-impact-of-job-cuts-on-the-dc-housing-market/

Why have home values dropped 30% in the District of Columbia area in the last three months?

People working for Deep State non-government organizations (NGOs) have lost their federal tax dollars.

NGOs make up 25.6% of the DC workforce, or 118,000 people.

According to the Bureau of U.S. Labor Statistics, the District of Columbia has the highest share of nonprofit employment in America.

https://www.housingwire.com/articles/the-impact-of-job-cuts-on-the-dc-housing-market/

Here's a chart showing median home price in the Washington, DC area.

In November 2024, the median home in Washington, DC was worth ~$699,000, according to Redfin.

Today, the median home is worth $560,000, marking a -20% drop in ~3 months.

Mass selling is an understatement. pic.twitter.com/g7qJDfZB5D

— The Kobeissi Letter (@KobeissiLetter) February 15, 2025

4,271 houses put up for sale in just the last 14 days in Washington, D.C. The rats are running away. 🇺🇸 pic.twitter.com/Ra5Gq21RBJ

— Joseph 💎✌️🪑🇺🇸 Tesla Long Term Investor (@ShrimpTeslaLong) February 15, 2025

Tip from Charles Cox.