The Government Shutdown’s Impact On The Housing Market Is Ongoing

Wallets On Shutdown

Ad by NATIONAL ASSOCIATION OF REALTORS®

Published Apr. 03, 2019 5:26AM EDT

From NATIONAL ASSOCIATION OF REALTORS®

With the government shutdown fading in our rearview mirrors, certain sectors are still dealing with the psychological effects such a long shutdown can have. This is especially long lasting on markets that center around high-value purchases, like housing.

Lawrence Yun, chief economist for the National Association of REALTORS® (NAR), spoke to Bankrate, saying, “For ordinary Americans, the shutdown adds to economic uncertainty about their future.” After polling over 2,000 of its members, NAR found that 22% said the shutdown impacted current or future clients. Federal employees were, of course, hesitant to make such a large financial commitment while not receiving a paycheck, but delays in FHA, VA, and USDA impacted workers in many sectors. The largest factor, though, wasn’t as tangible as losing a loan: of people whose homebuying plans were stalled by the shutdown, 25% cited “general economic uncertainty” – and that’s excluding federal employees.

The full report can be found on the National Association of REALTORS®’ website.

R.F.K. Jr.’s Old Environmental Pals Tell Him to Get Lost

“His actions are a betrayal to our environment,” the candidate’s former mentor said of him.

Iconic Hotel From ‘The Shining’ Goes Up in Flames

Crews responded late Thursday night to an attic fire at the famous Oregon lodge.

John Cleese Cancels His Own Cancel Culture Show

The “Monty Python” star has stalled the show for three years.

Susan Sarandon Joins Protesters at Columbia University

“Especially in a place of education, and supposedly higher thought, to be attacked with racism and intolerance is not acceptable,” the actress said.

New Deets Surface on Barbara Walters and Diane Sawyer’s Beef

Despite the two being bitter rivals, Sawyer also conceded, “We spent a lot of time laughing and forging a real friendship.”

Stock Slips After Netflix Stops Sharing Subscriber Numbers

Despite a strong first quarter, investors were seemingly rattled by the company’s decision to stop reporting their favorite metric.

A D.C. ‘Skinny’ Home Is Listed for $600K—It’s 6 Feet Wide

A change in zoning laws forced the owners to put their building plans on a serious diet.

Ethics Panel Wants to Know if Gaetz Got High at Parties: ABC

The House committee has reportedly obtained a woman’s statement claiming the Republican attended an event where drugs were present.

The Government Shutdown’s Impact On The Housing Market Is Ongoing