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Washington D.C.'s housing market drops as federal layoffs and budget cuts affect home prices.
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.
The Department of Government Efficiency plans to cut $2 trillion from the federal budget, leading to 65,000 employees accepting buyout offers.
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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El mercado de la vivienda de Washington D.C. cae mientras los despidos federales y los recortes presupuestarios afectan los precios de las viviendas.