02/18/2025
Many posts and articles running with fake news. Will this change reality?
"A post circulating on social media showing dozens of new homes on the market in Northern Virginia is bogus, real estate experts say"
"Right now, we are not seeing any major increase in inventory or any plunging in home prices," Yun told News4...
"Housing inventory data for the first two weeks of February show minimal changes in most Northern Virginia cities and counties when compared with the same time period last year."
"The largest increase in new home listings was in Loudoun County, which saw 24% more compared to that two-week period in 2024."
"In Loudoun you are seeing that, but you have the new builds, the new construction, but you also have people who have been ordered to return to work and so they're looking at maybe we should come back in and be closer now," she said."
"Yun said the Beltway bubble hasn't popped and likely won't any time soon because direct federal government employees make up just 9% of the region's workforce."
"Ninety percent work in the private sector, many are government contract related, but nonetheless, given the highly educated workforce in the D.C. region, many companies want to tap the workforce," he said."
A viral social media post that appears to show hundreds of homes hitting the market in the D.C. area after federal worker layoffs is bogus, real estate experts confirmed to News4. The post shows dozens of new houses on the market in the areas of Arlington County and Falls Church, Virginia. It sugges...
