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Rising unemployment is shifting the D.C. housing market: Altos

Housing Wire

housing market is anything but stable right now and residents are feeling it. housing market using weekly data from Altos, which includes more than 60 different data points on every metro area in the country, to see how employment is changing the housing market. ’s job market. housing market.

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Can government job cuts lead to lower mortgage rates for spring?

Housing Wire

Could the loss of jobs in the government sector and the withdrawal of funding from the economy significantly increase the unemployment rate and a surge in jobless claims? However, if we focus on government workers and government contractors, it’s likely that the unemployment rate will rise in 2025.

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Will home prices fall in 2025 with more inventory?

Housing Wire

Fluctuating interest rates have been a feature of the housing market over the last three years. Our 2025 housing market predictions are based on the assumption that lower mortgage rates will spur demand and boost the number of homes sales transactions. Were only two months into the new government policies.

Inventory 389
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DC housing inventory ticked up last week: Altos data

Housing Wire

The housing market in Washington D.C. is being closely watched amid widespread layoffs of federal government workers. Sweeping cuts by Elon Musks DOGE agency have sent many government employees packing, while other staff need to find housing in the area to comply with return-to-work mandates. housing market.

Inventory 267
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2025 could be the last year of inventory shortage

Housing Wire

housing market. more homes on the market now than a year ago. As we approach that threshold of old levels of unsold homes on the market, it raises those questions about home prices. New listings To get a lot of homes on the market though we need some sellers. Unsold new listings amount to 4.8%

Inventory 473
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Have lower mortgage rates boosted housing demand yet?

Housing Wire

Does this indicate that the housing market is beginning to wake up just in time for spring? I’ve noticed that housing data tends to improve when mortgage rates drop from 6.64% to 6%, especially when I adjust for seasonal demand. ” Labor over inflation, anyone? Weekly inventory change (Feb.

Mortgage 387
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Housing Market Tracker: Spring inventory grows

Housing Wire

The spring housing market music is playing, and purchase application data and active listing inventory rose together last week. Here’s a quick rundown of the last week: Active listing rose 8,260 week to week, down a bit from last week’s gain, but I’m not complaining — anything on the plus side is positive.

Inventory 525