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Government Shutdown is Now Hurting Home Sales


As we enter the fourth week of the U.S. government shutdown, the financial repercussions are becoming more apparent.

According to a National Association of Realtors, the U.S. housing market, already on shaky ground, is taking another hit from the government shutdown, delaying closings and hurting buyer confidence.

Among realtors who reported problems, 9% said clients who were federal employees had held back from buying, while 25% said buyers pulled out simply because of “economic uncertainty.”

Because of the shutdown, closings are being delayed for mortgages that are backed by the Federal Housing Administration, U.S. Department of Veterans Affairs or the U.S. Department of Agriculture.

Read on HERE:

Consider investing in a professionally managed portfolio of single-family homes? Please contact Harold Willig at harold.willig@springviewinvestments.com or 917-209-4452.

Harold Willig is the Manager of SpringView Investment Management, LLC, which he founded in 2012. Mr. Willig also served as HFZ Capital Group’s Chief Financial Officer and was responsible for the oversight of HFZ's Finance and Accounting team. He has over 16 years of finance and accounting experience.

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