Washington, D.C
Washington DC gets 'Trump Bump' in luxury home market
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The Washington, D.C.-area has been enjoying a “Trump Bump” in its luxury home market.
That so-called “Trump Bump” started around November, when the nation’s capital saw a major increase in demand for luxury homes worth at least $5 million, and has continued into the new year, according to The Agency DC managing partner Nurit Coombe.
“Usually, houses above $5 million in November, for example, a year ago, there were eight sales or so,” she told FOX Business in an interview this week. “Between November, December, we had 20 sales above $5 million, a huge jump, and a lot of cash buyers.”
WASHINGTON, DC – JANUARY 19: The U.S. Capitol is shown at sunrise the day before President-elect Donald Trump’s 2nd term inauguration January 19, 2025 in Washington, DC. U.S. President-elect Donald Trump and Vice President-elect Sen. JD Vance (R-OH) (Joe Raedle/Getty Images / Getty Images)
“That’s a lot of sales,” Coombe noted, because the D.C. luxury market “doesn’t have that much inventory.”
BOZEMAN, MONTANA HOME TO A BOOMING REAL ESTATE MARKET
There are less than 30 single-family homes above $5 million – and even less in the ultra-luxury category – on the market in the D.C. area, according to The Agency DC managing partner. She said several luxury homes that had been up for sale for a long time quickly went under contract in November.
More than 60 luxury homes, generally considered those above the $5 million-mark, have sold in the D.C. market since the November election, according to The Agency DC.
“The market right now in DC is very, very strong, very hot, especially in the luxury market, for sure, because as you go up to the top of the price, you don’t have as many buyers, but we actually have more than usual, much more than usual,” Coombe told FOX Business.
Trump’s administration has been a big contributor to the D.C.-area luxury market’s recent surge.
“The administration is a very wealthy administration, and they’re all going to be moving to the area to work from here. You’ve seen in the prior administration, it was not as wealthy, much less wealthy administration people who moved in, and some did not move in really full-time … So here you see a complete shift where we move in the whole family, we’re going to be here full-time, and very wealthy people are moving into the area, so there’s a lot of demand,” she said.
However, they aren’t the only ones providing fuel.
“It’s also the big companies, the attorneys, they’re moving as well. There are people that are more aligned with the new administration, so a lot of that is happening,” Coombe added. “CEOs of companies, their support staff, the attorneys, a lot of consultants for big companies.”
The skyline of Washington, DC, including the US Capitol building, Washington Monument, Lincoln Memorial and National Mall, is seen from the air, January 29, 2010. AFP PHOTO / Saul LOEB (Photo credit should read SAUL LOEB/AFP via Getty Images) (SAUL LOEB/AFP via Getty Images / Getty Images)
Kalorama, Foxhall, Georgetown and Kent are among some of the neighborhoods in the nation’s capital benefiting from the “Trump Bump.”
Some recent sales include a $25 million transaction in Foxhall and a $10.5 million deal in Georgetown, according to The Wall Street Journal.
Demand in the D.C. luxury market has gone up 18% year-over year, according to Coombe.
She also said parts of the broader D.C., Maryland and Virginia area, known as the DMV, have “definitely” seen more luxury demand in recent months as well, such as neighborhoods in Bethesda, North Bethesda and McLean.
Aside from luxury homes, townhouses and condos have been in high-demand.
THESE WERE THE MOST EXPENSIVE HOMES SOLD IN 2024, ACCORDING TO REDFIN
The “government employee situation” is also making the D.C.-area real estate market more dynamic, according to Coombe.
Trump issued an order to bring federal workers back into the office full-time in late January. His administration has offered buyouts to many federal workers to leave their jobs or start doing in-person work, Fox News Digital reported.
DETROIT, MICHIGAN – AUGUST 26: Republican presidential nominee, former U.S. President Donald Trump during the National Guard Association of the United States’ 146th General Conference & Exhibition at Huntington Place Convention Center on Augu (Emily Elconin/Getty Images / Getty Images)
“This is an interesting shift to watch, because when you’re looking at government employees, it’s not necessarily the upper echelon, it’s not necessarily the high luxury, it’s the more mid,” Coombe said. “There’s a lot of people who took the incentive the government offered to leave the government and when you see that, a lot of them are not staying in the area.”
Meanwhile, others are moving back to the area because they have to work in the office full-time again, she said.
It “depends on the policies” whether the D.C. market’s “Trump Bump” will continue, according to Coombe.
“Everybody’s watching what’s going to happen with the government employees, what’s going to happen with the international tax that we have, what’s going to happen in the stock market and obviously the mortgage,” she posited. “I think the lenders are sitting tight and watching.”
The nationwide 30-year fixed mortgage rate was 6.87% on average the week of Feb. 13, according to Freddie Mac. That marked a 0.02 percentage-point decline from the prior week.
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She said that homebuyers in the D.C. area have become accustomed to the current level of rates and that the rates have not really affected D.C.’s luxury market in particular, noting more than 60% of buyers in that category since November have paid “all cash” or “heavy cash.”
D.C. had 5 sales of ultra-luxury homes worth at least $10 million in 2024, according to a recent Compass report. Those sales amounted to $67.85 million combined.
In January, homes in the D.C. and Montgomery County real estate market sold for a median of $552,500, according to the Greater Capital Area Association of Realtors.
WASHINGTON (7News) — The Catholic archbishop of Washington, D.C., Cardinal Robert McElroy, on Wednesday removed a well-known priest as an exorcist of the archdiocese after he made public comments suggesting that UFO sightings were the work of demons.
McElroy said the archdiocese also was cutting ties with the St. Michael Center for Spiritual Renewal, a Washington-based nonprofit headed by the priest, Monsignor Stephen Rossetti.
The archbishop said Rossetti’s statements “linking UFOs to demonic presence and the Center’s recent use of social media gravely undermine the Church’s very precise teaching on the devil, demons and exorcism.”
“There’s a danger here,” Rossetti said in a May 29 video posted on his Facebook page addressing UFO sightings and the existence of aliens. “As an exorcist I wanted to raise that danger. And that is that demons like to hide. … They don’t want us to know what they’re doing because they’re more effective when we don’t realize it.”
“They can kind of get into your head, you know, and manipulate things in the world to influence us to do evil.”
“It’s my personal belief that probably many if not most of these UFO sightings are in fact demons,” Rossetti added.
Rossetti also said that people can be good Catholics and believe there’s life on other planets, though he does not personally believe life exists elsewhere.
In a statement posted on the St. Michael Center website, Rossetti said he was saddened by the action of the archdiocese.
“I ask forgiveness for any ways that I have not been faithful to the teachings of the Church’s Magisterium, particularly in the cited video on ‘aliens and the demonic,’” he said. “I believe it is of the utmost importance to be obedient to the Church and I will continue to endeavor to subject all that I do and the Center to be thus obedient.”
Rossetti, who has over 148,000 followers on Instagram, is a prominent psychologist as well as an exorcist. His center has specialized in offering spiritual healing for priests troubled by various difficulties.
In 2023, he told The Associated Press there was increasing and renewed appetite for information about demonic possession and exorcism.
Washington, D.C
Nurses at Washington D.C.’s largest hospital call on leadership to reverse planned cuts to maternal health
RNs at MedStar Washington Hospital Center say closure of postpartum unit will disproportionately harm marginalized and underserved communities
Union nurses at MedStar Washington Hospital Center (MWHC) in Washington, D.C. are demanding that management stop the planned closure of an entire postpartum unit, announced National Nurses Organizing Committee/National Nurses United (NNOC/NNU). The hospital notified the union on May 26, 2026 of its intention to eliminate 11 maternal health beds and displace eight nurses by July 26, 2026, leaving MWHC with one postpartum unit.
In a follow-up town hall with staff nurses, Chief Nursing Officer Ariam Yitbarek confirmed the closure. Other leaders have additionally informed staff that the hospital will strictly limit scheduled C-sections and inductions for patients from numerous D.C. maternal health organizations. The list of organizations includes many that primarily serve low-income patients, immigrants, and patients of color, all communities with significantly higher risks of maternal mortality. Additionally, staff were informed that Kaiser Permanente, which notably insures a large number of DC city employees and even many of MWHC’s own workers, will see a strict limit on scheduling inductions and C-sections for their patients as well.
“Closing postpartum unit 5F will gravely impact those most affected by health disparities,” said Stephanie Sims-Coates, RN in the neonatal intensive care unit. “Our low-income families and families of color will be most affected by this closure. Families trust the medical staff at MWHC and plan to come to us for their care. In a city where Black women make up 90 percent of pregnancy-related deaths despite being only half the population, the hospital’s decision to close this unit is a significant mistake.”
Community leaders and healthcare workers are joining the call for MedStar to put patients before profits and keep the unit open. This past weekend, nurses met with D.C. mayoral candidate and Ward 4 councilwoman Janeese Lewis George about the planned closure and the impact it would have on DC’s most vulnerable residents.
“Maternal mortality is a crisis for Washington, DC, and our healthcare system needs to address the crisis immediately, rather than exacerbate the challenges that birthing parents face,” said Councilwoman Janeese Lewis George. “Now is the time to invest in health care, rather than make cuts. I want to work with the hospital to identify solutions that work for patients and the provider.”
“In my time at Washington Hospital Center, I’ve seen the hospital tout its Safe Moms, Safe Babies program and host a community baby shower specifically designed to call attention to the maternal mortality crisis,” said Marcqueata “Tiya” Butler, RN in the Mother/Baby unit. “Their current plan to shut down 11 postpartum beds betrays the hospital’s stated commitments. They are aware of persistent inequities in access to care. We are calling on the hospital to consider the impacts on the community, safeguard the mothers and infants of DC and commit to addressing the maternal mortality rate.”
In 2024, MedStar Health, a registered non-profit, reported $9 billion in operating revenue.
NNOC/NNU represents more than 2,200 registered nurses at Washington Hospital Center.
National Nurses United is the largest and fastest-growing union and professional association of registered nurses in the United States with more than 225,000 members nationwide. NNU affiliates include California Nurses Association/National Nurses Organizing Committee, DC Nurses Association, Michigan Nurses Association, Minnesota Nurses Association, and New York State Nurses Association.
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