How the government shutdown is affecting the real-estate market

|By:, SA News Editor

The partial federal government shutdown is starting to cut into the real-estate market, according to a survey by the National Association of Realtors.

About 11% of the association's members report an impact on current clients and another 11% are experiencing an impact on potential clients.

Still, about 75% of agents reported no impact.

Of those agents affected, 25% said they were impacted when a buyer--not a federal government employee--decided against buying; 9% of agents said they were affected by a federal government employee not buying.

Other factors affecting the housing market: closing delays due to a USDA loan, IRS income verification, and FHA loan snags.

Previously: Lennar defers FY2019 guidance due to softness, uncertainty (Jan. 9)


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