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Washington, DC, enjoys the “Bump Trump” in its luxurious domestic market.
It began the so -called “Trump Bump” in about November, when the capital of the country witnessed a major increase in demand Luxury houses The value of at least $ 5 million, and according to the DC agency, the Nurit Coombe management manager, the DC agency continues.
In an interview in an interview this week, he told this week: “Usually, homes above $ 5 million in November, for example, there were eight sales a year ago.” “Between November, December, we had 20 sales above $ 5 million, a big jump and many cash buyers.”
Washington, DC January 19: The US Capitol was shown in Washington, DC on January 19, in the sunrise of Donald Trump's second inauguration of Donald Trump's second inauguration. President-elect Donald Trump and Vice President-elect JD VANCE (R-H.) (Joe Raedle / Getty Images / Getty Images)
“This is a lot of sales, because the luxury DC market” has no inventory, “Coombe said. “
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Less than 30 single-family homes above $ 5 million-and even in the super-luxurious group-in my marketn DC areaAccording to the DC Partner Agency. He said several luxury homes that have long been contracted for sale for sale in November.
More than 60 luxury homes, generally over $ 5 million, have been sold in the DC market since the November election, according to the DC.
“Now the market in DC is very, very strong, very hot, especially in the luxury market, certainly, because you don't have a lot of buyers, but we really have Coombe to Fox Business. , Much more than usual.
The Trump administration has played an important role in the recent increase in the luxury market in the DC region.
“The government is a very rich state, and they are all supposed to go from here to the area. And some really didn't move all the time … so here you see a complete change in which we move throughout the family We'll be here all the time and very rich people are moving to the region, so there is a very demand.
However, they are not the only ones who supply fuel.
“These large companies are also moving lawyers,” COOMBE added. “Corporate CEOs, their support staff, lawyers, many consultants for large corporations.”
The Washington Sky Line, DC, including the US Capitol building, Washington Memorial, Lincoln Memorial and National Market Memorial, are available on January 29, 2010. AFP / Saul Loeb photo (photo credit must read through Getty Images Saul Loeb / AFP) (Saul Loeb / AFP through Getty Images / Getty Images)
Calorama, Fox, George Town and Kent are some of the country's capital that benefit from the “Bump Trump”.
Some recent sales include $ 25 million in the Foxhall and a $ 10.5 million deal in George Town, according to the Wall Street Journal.
According to Coombe, demand in the luxury DC market has increased by 18 % compared to the year.
He also said parts of the wider DC, Maryland and Virginia area, known as DMV, have also seen more luxurious demand in recent months, such as neighborhoods in Bethesda, north of Bethesda and McLean.
In addition to luxury homes, urban homes and condoms are at high demand.
According to Redfin, these houses were the most expensive houses sold in 2024
“State of State Employees” is also under construction DC Real Estate Market According to Coombe, it is more dynamic.
Trump ordered the return of federal workers in late January. His government has bought many federal workers to leave their jobs or start doing in person, Fox News Digital reportedHuman
Detroit, Michigan – August 26: Former US President President Donald Trump during the National Conference Guard and Public Exhibition of the US 146 at the Huntington Place Conference Center in Augu (Emily Elconin / Getty Images / Getty Images)
“This is an interesting change to watch, because when you look at government employees, it is not necessarily the upper eclone, not necessarily luxury, but in the middle,” Coombe said. “There are many people who have taken the motivation that the government has offered to leave Government And when you see this, many of them don't stay in the area. “
Meanwhile, others return to the area because they have to work again all the time in the office.
According to Coombe, it “depends on policies” whether the “Trump bump” will continue.
“Everybody watching what is happening to government employees, what is happening with the international tax we have, what is happening on the stock exchange and obviously the mortgage will fall,” he said. “I think the lenders are sitting firmly sitting and watching.”
According to Freddie Mc, the 30 -year mortgage rate across the country was 6.87 % on average February 13. That was 0.02 percent from the previous week.
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He said homeowners in the DC area have become accustomed to the current level of rates, and these rates have not affected especially in the luxury DC market, and note that more than 60 % buyers in those November “all money Have paid cash or “heavy cash”.
According to a recent compass report, the DC 5 has sold at least $ 10 million in luxury homes in 2024. The sales were $ 67.85 million.
In January, according to the announcement of more investment in the DC and Montgomery Real Estate Area, it is sold for $ 552,500.