As Washington braces for Donald Trump’s return to the White House next month, one sector is already counting its blessings: the District’s high-end real estate market.
With billionaires and power players expected to flood the nation’s capital, brokers are gearing up for a flurry of multimillion-dollar deals in elite neighborhoods like Kalorama and Massachusetts Heights.
“I think we will see some big numbers transact again starting around January,” Michael Rankin, principal at Sotheby’s International Realty in DC told Curbed. These big spenders, he added, have been waiting for clarity before splashing out on properties.
“People don’t want to spend $5, $10, $15 million if they don’t know whether they’ll be confirmed or not. But what we do know of the people who are coming is that it’s the multimillionaire and multibillionaire class.”
