Government shutdown impacts US housing, mortgage markets
SINCE the start of the United States Government shutdown on December 21, 2018, all aspects of the federal housing, mortgage, and programs of the real estate industry have been impacted.
According to a new survey by the National Association of Realtors of 2,211 NAR members found 75 per cent had no impact to their contract signings or closings. however, 11 per cent did report an impact on current clients and 11 per cent on potential clients.
The National Association of Realtors Chief economist, Lawrence Yun said the housing industry was already facing market challenges before any government closure.