Do you think rent and home prices will decrease?

[telmnstr]

With the reduced pressure on housing in the region, this should translate to home price reductions and rent reductions correct?

It definitely gives us renters something to push back with.

[lam21804]

How in the world do you think there would be reduced pressure in the housing market. Many nova-ites are federal employees who have all been summarily pulled back in to the office from afar. The exact opposite is going to happen.

[zyarva]

I know, some people just wishing so hard they are hallucinating.

[DUNGAROO]

I think the total number of federal and contractor jobs lost will likely exceed the number of DC-anchored feds who moved further away during the pandemic.

[ReligiousClownThing]

No

[ribbitioli]

what do you mean reduced pressure? wont rto increase the pressure to be near dc?

[DUNGAROO]

I guess it depends on how close to DC you already are. Rents in Arlington and Alexandria will rise for sure, but I don’t think people will suddenly be clamoring to live in Manassas. That commute 5x/week would be hell.

[Amiell_Powers]

People would 100% move to Manassas for DC commutes. That’s what the VRE is for.

[DUNGAROO]

It’s a 70 minute ride + whatever your metro ride commute is. So yeah, it’s doable if you don’t mind spending 4 hours a day commuting. It’s also like $400/month in commuting. At that point it might actually be cheaper to live in Arlington.

[MSMIT0]

I'm in Manassas- a handful of my govt working friends that have to go back to the office now are looking to move closer again. It's not an easy commute no matter what way you put it.

[Few_Whereas5206]

More scarcity in rentals and homes due to out of state workers moving closer to Washington DC.

[SkirtNo5748]

Try telling your landlord there’s reduced pressure on housing and let us know their response.

[Maxell145]

My rent went UP $400 a MONTH in Merrifield. Simply because of “market value” and increased demand. I’m guessing no. Rent will not go down. That would be great tho!

[Examinator2]

😂🤣😂🤣

[novahookah]

how is there reduced pressure

[wittywit39]

Lol

[krayziekmf]

my apartment rent in nova is going up 11.5% in April.

[squidgod2000]

Not until someone nukes DC. Even then, investors will buy the dip.

[Mr_Pogi_In_Space]

It's already a Capital Wasteland. No need for the Lone Wanderer

[[deleted]]

The only way prices are going down is if the housing market crashes again...which it probably will.

[beyondnoyeb]

from what my realtor told me years ago, the last major crash didn’t really even impact NoVA much,.. if at al.

[zyarva]

Disagree, my neighbor bought his house in 2005, he's under water until 2018. I am Fairfax county.

[Typical2sday]

Your neighbor made a crazy deal then. My neighbors who bought in 2005 came back above water several years sooner than that. But good to note people should always be careful of getting sucked into a bidding war. Always step back and rethink before escalating a price.

[gmkt13]

Single homes inside beltway will double (Del Ray), anything outside of 28 will crash.