According to @KobeissiLetter, the median home price in Washington DC has decreased to $552,500, a level not seen since January 2020 when it was $550,000. This suggests a potential opportunity for real estate investors to enter the market as prices have reached a significant low. Follow @KobeissiLetter for monthly updates on housing market trends.

According to The Kobeissi Letter, the median price of new homes in the US increased by $31,000 in January to $446,300, marking the second-highest level on record. This spike follows the previous record of $460,300 in October 2022. Consequently, new home sales declined by 10.5%, indicating potential market cooling due to higher prices.

According to @KobeissiLetter, since discussions about mass layoffs at DOGE began, the median home price in Washington DC has decreased by $139,000. This significant drop coincides with nearly 4,000 new home listings in the area over 30 days, highlighting potential market volatility linked with DOGE's employment strategies.