V
iral social media posts claiming hundreds of Northern Virginia homes are hitting the market have been debunked as fake by real estate experts. The misleading posts, which feature photos of houses supposedly on the market in Arlington and Falls Church, suggest that President Trump's efforts to reduce the federal workforce are causing a surge in listings.
However, Lawrence Yun, chief economist for the National Association of Realtors, says there is no evidence to support this claim. "We're not seeing any major increase in inventory or plunging home prices," he said.
Local real estate agents have been fielding calls from concerned clients and are working to set the record straight. According to Bright MLS, new listings in the Washington, DC region have remained steady, with 2,829 homes coming onto the market between February 3-16, a number virtually unchanged from last year.
The regional housing market has shown strength recently, and Yun attributes this to the fact that only 9% of the workforce is directly employed by the federal government. The majority work in the private sector, making it unlikely that the market will see significant changes anytime soon.
