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Washington, DC-Oblast, enjoys “Trump Bump” on its luxury domestic market.
This so -called “Trump Bump” began around November, when the capital of the nation recorded a major increase in demand Luxury houses According to DC agency Nurit CoomBE worth at least $ 5 million and continued to the new year.
“Usually, houses over $ 5 million in November, for example, there were eight sales a year ago,” she told Fox Business this week. “We had 20 sales over $ 5 million between November, December, a huge jump and a lot of cash buyers.”
Washington, DC – January 19: American Capitol is shown at sunrise the day before 2. US President-called Donald Trump and Vice-President-Choose Senator JD Vance (R-Oh) (Joe Raedle / Getty Images / Getty Images)
“That's a lot of sales,” said Coombe because the luxury DC market “does not have so much stock.”
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There are fewer than 30 family houses over $ 5 million-and even less in the ultra-luxury categoryn DC areaAccording to DC Managing Partner. She said that several luxury houses that have been for a long time for sale in November quickly got into the contract.
According to the DC agency, more than 60 luxury houses have been sold since November November, generally considered to be over $ 5 million.
“The market right now in DC is very, very strong, very hot, especially on the luxury market, because when you go to the top of the price, you do not have so many buyers, but actually we actually have more than usual, much more than usual,” said Coombe Fox Business.
Trump's administration was a great contributor to the recent increase in the luxury DC market.
“Administration is a very rich administration and everyone will move to the area to work from here. You saw it in the previous administration, it wasn't that rich, much less rich people who moved in, and some did not move really full -time … So here you see a complete shift where we are moving throughout the family The full -time and very rich people move to the area, so there is a lot of demand, ”she said.
However, they are not the only ones to provide fuel.
“They are also large companies, lawyers are also moving. There are people who are more in line with the new administration, so there is a lot of happening,” CoomBe added. “CEOs of companies, their support staff, lawyers, many consultants for large companies.”
The Washington Panorama, DC, including the American Capitol, Washington Monument, Lincoln Memorial and National Mall, can be seen from The Air, January 29, 2010.) (Saul Loeb / AFP via Getty / GetTy images)
Kalorama, Foxhall, Georgetown and Kent are one of the neighborhoods in the capital of the nation that benefits from “Trump Bump”.
Some recent sales include $ 25 million in Foxhall and $ 10.5 million in Georgetown, according to The Wall Street Journal.
According to Coombe, the demand on the luxury DC market has increased by 18%.
She also said that parts of the wider area of the DC, Maryland and Virginia, known as DMV, “definitely” have seen more luxurious demands such as neighborhoods in Bethesda, North Bethesda and Mclean.
In addition to luxury houses were burgher houses and apartments in high demand.
According to Redfin it was the most expensive houses sold in 2024
“Government's Staff” also produces The real estate market in the DC According to CoomBe more dynamic.
Trump gave the order to bring federal workers back to the full -time office at the end of January. His administration offered to buy many federal workers to leave their work or start doing personal work, Fox News Digital.
Detroit, Michigan – August 26: Republican presidential nominee, former US President Donald Trump during the National Guard Association Association in the 146th General Conference and the United States Exhibition at the Huntington Congress Center on Augu (Emily ElConin / Getty Images / Getty Images)
“It is an interesting shift that needs to be followed, because when you look at government employees, it does not necessarily have to be the upper echelon, it does not necessarily have to be a high luxury, it is more medium,” said Coombe. “There are many people who have taken an incentive that the government offered to leave government And when you see it, many of them don't stay in this area. ”
Meanwhile, others move back to the area because they have to work in full -time office, she said.
According to CoomBe, it will “depend on politicians” whether the “Trump Bump” DC market will continue.
“Everyone watches what happens to government employees, what will happen to the international tax that we have, what happens in the stock market and apparently a mortgage,” she assumed. “I think the creditors are sitting tight and watching.”
According to Freddie Mac, the nationwide 30 -year fixed mortgage rate was an average of 13 February. This meant a decrease of 0.02 percentage point compared to the previous week.
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She said that Homebuyers in the DC area used to the current level of rate and that rates did not actually affect the luxury DC market, which in this category has seen more than 60% of buyers in this category or from November paid “all money” or “heavy cash .”
According to the recent Compass report, the DC had 5 ultra-luxury house sales worth at least $ 10 million in 2024. These sales were $ 67.85 million.
In January, the houses on the DC and Montgomery Counts market were sold, according to the median, 552,500 USD, according to the Association of Real Estate Association for larger capital.
