P.M. Edition for Jan. 24. Wealthy political appointees, new members of Congress and business leaders with a need to be in Washington, D.C. are scooping up multimillion dollar properties, reporter E.B. Solomont tells us. Plus, as he visits the site of hurricane destruction in North Carolina, President Trump says he will sign an order to overhaul or eliminate FEMA. And U.S. home sales hit their lowest level since 1995. WSJ real estate bureau chief Craig Karmin explains what’s going on, and what it will take to turn the market around. Alex Ossola hosts.

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