As the government shutdown nears the one-month mark, housing markets with the highest concentrations of federal workers are starting to feel the pain, with fewer new listings and declining buyer interest.
Washington, DC; Virginia Beach, VA; Oklahoma City, OK; and Baltimore all saw dips in housing activity in October, according to the latest data analyzed by economists at Realtor.com® as part of the latest monthly housing market trends report.
The obvious common denominator among those four metros is that they are home to the most federal employees in the U.S., led by DC with 11% of the city’s employed population, according to Bureau of Labor Statistics numbers…