Federal employees are struggling with increased housing costs as they return to the office full-time. Many had sold their homes during the pandemic while anticipating remote work would continue. Real estate agents note that demand is rising, with home prices in the Washington area up almost 25% since late 2020. Compounding their challenges, many returning workers remain uncertain about their workplace locations due to the shuttering of federal offices. Consequently, prospective buyers are shifting their search to properties near public transit, amid concerns about the future of federal jobs in the region.
"They're calling me going, 'Oh, my gosh, we could never afford the home that we owned there three, four, five years ago.'"
"With no established commute, people are prioritizing listings near Metro stations and parking lots."
Collection
[
|
...
]