{"id":325359,"date":"2025-10-23T02:27:13","date_gmt":"2025-10-23T02:27:13","guid":{"rendered":"https:\/\/www.europesays.com\/us\/325359\/"},"modified":"2025-10-23T02:27:13","modified_gmt":"2025-10-23T02:27:13","slug":"dc-area-housing-market-holds-steady-but-risks-of-recession-grow","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/us\/325359\/","title":{"rendered":"DC-area housing market holds steady, but risks of recession grow"},"content":{"rendered":"

A D.C.-area real estate broker said the housing market has shown resiliency during the government shutdown. But he’s concerned about the risk of a recession.<\/p>\n

We want to know your thoughts on the government shutdown. How are you and your family affected? Share your story \u2014 Send us a message or a voice note through the WTOP News app on Apple<\/a> or Android<\/a>. Click the \u201cFeedback\u201d button in the app\u2019s navigation bar.<\/strong><\/p>\n

As the government shutdown enters its fourth week, one D.C.-area real estate broker said the housing market has shown resilience \u2014 so far. But he\u2019s concerned about how long it can hold up.<\/p>\n

Data from the Greater Capital Area Association of Realtors shows that leading into the shutdown in late September, the D.C. area saw a spike in home sale activity.<\/p>\n

That bump came after a slowdown earlier this year during the initial Department of Government Efficiency job cuts<\/a>.<\/p>\n

\u201cD.C., for example, in September, had closed sales that were 12.4% higher than the year before, and the median price was up 13.3%,\u201d said Corey Burr, with the Burr Group at TTR Sotheby\u2019s International Realty.<\/p>\n

Burr said while activity remains up, he fears that could change if the shutdown continues<\/a>.<\/p>\n

In the weeks since the shutdown began, Burr said some of his clients who are federal workers have decided to stop looking.<\/p>\n

\u201cSeveral who had been in the market to purchase have simply put things on ice, or they\u2019ve decided to rent as opposed to purchase,\u201d he said.<\/p>\n

Those clients are pulling out of searches over concerns about job security, he said.<\/p>\n

\u201cThey just don\u2019t have the long-term confidence that their jobs are going to be steady,\u201d he said.<\/p>\n

Another shutdown impact has been on clients looking to use federal loan programs, Burr said.<\/p>\n

\u201cSome government loan programs are being postponed because there isn\u2019t enough staff at the federal level to get these loans through,\u201d he said.<\/p>\n

Where things could be headed with the housing market<\/p>\n

Going into the shutdown, higher-end properties were performing better, though some areas continue to struggle. Montgomery County, for example, saw prices rise.<\/p>\n

Across the region, the number of listings on the market and the number of days on the market were at their highest in the last five years.<\/p>\n

\u201cAnd the average sold price to original listing price is the lowest in the last five years,\u201d Burr said.<\/p>\n

While he noted that overall activity hasn\u2019t been dramatically impacted yet, he warned that lawmakers not striking a deal could lead to more difficult times, not seen since 2008.<\/p>\n

\u201cThey\u2019re playing with fire a little bit the longer this goes on,\u201d Burr said. \u201cIt could be that our region could go into a recession when the rest of the national economy kind of bumps along.\u201d<\/p>\n

He said for some buyers, the uncertainty has been an advantage as prices dip and more homes are made available.<\/p>\n

\u201cThis is the time to jump if they feel confident about their job and they fall in love with a house that suits their needs,\u201d Burr said.<\/p>\n

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\u00a9 2025 WTOP. All Rights Reserved. This website is not intended for users located within the European Economic Area.<\/p>\n","protected":false},"excerpt":{"rendered":"A D.C.-area real estate broker said the housing market has shown resiliency during the government shutdown. But he’s…\n","protected":false},"author":3,"featured_media":325360,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13],"tags":[64,162181,110686,147719,162182,55766,135,70768,10405,147504,67,132,68],"class_list":{"0":"post-325359","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-markets","8":"tag-business","9":"tag-corey-burr","10":"tag-dc-housing-market","11":"tag-federal-government-shutdown","12":"tag-greater-capital-association-of-realtors","13":"tag-homebuying","14":"tag-markets","15":"tag-mike-murillo","16":"tag-recession","17":"tag-shutdown-2025","18":"tag-united-states","19":"tag-unitedstates","20":"tag-us"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@us\/115421121350241874","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/325359","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/comments?post=325359"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/325359\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media\/325360"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media?parent=325359"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/categories?post=325359"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/tags?post=325359"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}