Housing Market Largely Escapes Damage From Government Shutdown, For Now

Housing Market Largely Escapes Damage From Government Shutdown, For Now

The mortgage market should only be minimally impacted by the recent government shutdown

The federal government shut down at the stroke of midnight on September 30th as the Congress failed to pass a bill to continue funding the government. The repercussions are many, including preventing 800,000 Americans from getting paid, suspending various government services, and costing the economy approximately $1 billion per week. At least for now, however, the housing market is likely to avoid the brunt of the pain, unless the shutdown continues beyond just a few days.

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