3 March Impact on Housing from the Changes to the Federal Workforce by Jacky Mueck News 0 0 Comment 36 Message from 2025 Maryland REALTORS® President Cheryl Abrams Davis on the Impact on Housing from the Changes to the Federal Workforce A few years ago, we experienced an avalanche of erroneous and misleading information about COVID. The same thing happened regarding the practice changes resulting from the NAR antitrust litigation settlement, and more of the same is happening now concerning the state of the housing market because of the recent firings within the federal workforce. For example, I’ve seen social media posts saying there has been a surge in new listing activity in the DC Metro area. This is demonstrably false. I understand this upheaval has sparked concern about how those changes will affect our state and specifically the real estate market. We understand that substantial job losses will inevitably lead to impacts on the housing market. We just don’t know what those will be. Rest assured that Maryland REALTORS® will continue to be the most accurate source of information, and because we take time to verify everything and not rush to judgment or speculate, we may not be the first to publish, but we will always be the most accurate and useful source of information and guidance for our members. The best thing we can do right now is to focus on the facts – and more importantly, make sure we know how to find them. Maryland REALTORS® publishes monthly housing market statistics that provide the most accurate picture of our housing market. In addition, our friends at Bright MLS have the data and are sharing weekly market statistics, which will help identify trends as they happen: New Bright MLS blog post: https://www.brightmls.com/article/an-update-on-the-dc-area-housing-market New weekly market statistics: https://brightmls.com/article/greater-dc-area-weekly-housing-market-update Finally, please know that Maryland REALTORS® still has your backs. Share Comments are closed.