DMV home inventory is seeing a record-high spike amid federal layoffs, according to a new Redfin report.
The big picture: Elon Musk’s DOGE layoffs have created ripple effects across the Washington region and its federal workforce, long seen as a stable option for employment.
By the numbers: The number of active home listings in the Washington metro during the four weeks ending on April 27 jumped 25% compared to the same period last year — a record-breaking spike.
- Meanwhile, listings across the country only rose 14% during the same period.
The number of active Washington listings is now the highest it’s been since 2022, per the report…