Real Estate
DOGE Job Cuts Trigger Record Surge in Homes for Sale in DC
A homes for sale in Washington, DC.
Photographer: Dustin Chambers/BloombergThis article is for subscribers only.
Mass cuts in the federal workforce have triggered a record spike in housing inventory in Washington’s real estate market.
In the four weeks through April 27, the total number of homes for sale in the Washington metro area surged 25% from a year earlier, the largest gain in data going back to 2015, according to a Redfin Corp. report released Wednesday. Washington’s increase outpaced the 14% rise in listings nationwide.