A social media frenzy suggested government layoffs are tanking the housing market in the nation's capital. But economists armed with data tell Inman it's mostly business as usual in DC
High mortgage rates, slower homebuyer activity and weakening homebuilder sentiments created the perfect storm in June, keeping new residential construction from posting annual gains
Rates on 30-year fixed-rate mortgages have dropped 20 basis points in two weeks, the most dramatic decline since April 2020