The Kobeissi Letter
The Kobeissi Letter|Feb 15, 2025 19:10
Are DOGE job cuts flooding the Washington DC housing market with inventory? For sale home inventory growth hit a whopping 35.8% year-over-year in January 2025, per Reventure. To put this into perspective, for sale home inventory growth in Washington DC hit 23.8% in May 2008. We are now seeing for sale inventory growth that is 12 percentage points ABOVE 2008 levels. All while the housing market has had historically low supply everywhere else. What is happening in Washington DC? Read our thread below for more.
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