For many in the DMV, the government furlough has created a ripple effect — not just on paychecks, but on confidence in the real estate market. Whether you’re a homeowner juggling expenses or a buyer trying to stay on track with your home goals, it’s natural to feel uncertain right now.
Here’s what you should know about the current market and some steps you can take to protect your financial footing.
📊 The State of the Market
Even with temporary slowdowns, housing demand remains resilient across DC, Maryland, and Northern Virginia. Interest rates are steady, hovering around the mid-6% range, and inventory is still limited. What we’re seeing now is a short-term pause in activity — not a crash.
Historically, the DMV market bounces back quickly after disruptions like shutdowns or furloughs because of our strong government-anchored economy.
💡 If You’re a Homeowner Feeling the Pinch
- Contact your lender early. Many banks and mortgage servicers offer short-term forbearance or payment deferral programs for federal workers.
- Ask about utility and tax extensions. Local jurisdictions like DC and Maryland often provide temporary relief during federal disruptions.
- Pause major renovation projects. Protect cash flow until stability returns.
- Stay in touch with your Realtor®. We can monitor your home’s value and equity position, so you’re informed before making any big moves.
🏠 If You’re a Buyer on Pause
If the furlough has delayed your home search:
- Check in with your lender. Some lenders have flexible underwriting guidelines or can pre-approve you contingent on back-pay confirmation.
- Keep saving. Even a few hundred dollars per paycheck can strengthen your reserves when things normalize.
- Stay educated. Keep watching the market — some motivated sellers are offering incentives or rate buydowns right now.
💬 Community Resources
- Federal Employee Education & Assistance Fund (FEEA) – Emergency grants and loans for furloughed workers.
- United Way NCA Help Line (211) – Connects you with rent, utility, and food assistance.
- Credit Unions Serving Federal Employees – Many offer skip-a-payment or low-interest bridge loans.
❤️ Final Thoughts
The furlough may feel like a setback, but it doesn’t erase your long-term financial goals. Whether you need to preserve your home, plan for a sale, or pause your purchase temporarily, you still have options.
I’m here to help you navigate through uncertainty — with compassion, data, and trusted local resources.
📅 Schedule a complimentary Real Estate Wellness Check to review your mortgage, home value, and next-step strategy. Book here.
