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flag Washington D.C.'s housing market drops as federal layoffs and budget cuts affect home prices.

flag Washington D.C.'s housing market is declining due to federal layoffs and uncertainty over job cuts, with home prices falling 8.6% in January to a median of $560,000. flag The Department of Government Efficiency plans to cut $2 trillion from the federal budget, leading to 65,000 employees accepting buyout offers. flag While inventory levels are rising, there is no sign of a massive market collapse, and price growth is expected to slow as mortgage rates remain high.

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