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National News: Federal Government Shutdown Making Some Buyers Nervous

1.11.19

For three weeks, a partial government shutdown has left thousands of federal workers without a paycheck. This week, President Donald Trump was quoted as saying in a meeting with top Democrats that the shutdown could stretch on for “months or even years” as he and Congress continue to stall on a spending bill and funding over a border wall.

And as each day the partial shutdown goes on, you could find it costing you more and more in sales. Roughly one-tenth of more than 2,000 respondents to a National Association of REALTORS® survey conducted Monday reported an impact on potential clients. Another one-tenth reported an impact on current clients. Among REALTORS® who reported a business impact since the shutdown began three weeks ago, 25 percent said that they had a buyer who decided to hold off on purchasing a home even though they were not government employees.

More on the government shutdown is available here including a video from NAR Economist NAR Chief Economist Lawrence Yun on how the partial shutdown of the federal government is hurting real estate markets.

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