Cameron McKenzie, a former U.S. Forest Service employee, is struggling to make mortgage payments after federal layoffs under a new executive order. With over 300,000 federal employees in the D.C. area, many face similar uncertainties about job security and housing. Although there is speculation about a housing market crash in the region, data from Bright MLS shows that new listings remain steady, suggesting it might be too early to assess the layoffs' full impact. The anxiety among federal workers is leading many to re-evaluate their career paths and living situations.
Mr. McKenzie expressed concern about his financial future, stating "I'm not going to be able to make my mortgage payment" after losing his job due to federal layoffs.
The layoffs have left many federal workers distressed, with fears about their housing situations becoming increasingly pressing amidst the job cuts.
Lisa Sturtevant noted, "it's too soon to tell if the D.C. market has been shaken by the layoffs" despite the rising number of new listings.
The overall impact of the job cuts has sparked rumors of a housing market crash in areas with high federal employee populations.
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