Government Shutdown Sinks Home Sales, Confidence, Realtors Say
- Deals delayed, canceled for some buyers with U.S.-backed loans
- Prolonged shutdown will hurt economy, chief economist says
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The U.S. housing market, already losing steam, is taking another hit from the government shutdown, delaying closings and damaging buyer confidence, according to a National Association of Realtors survey.
About 20 percent of 2,211 agents surveyed by the group said they had clients who were impacted in some way by the shutdown that began on Dec. 22, the organization said today.