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The Commercial Association of REALTORS Wisconsin

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Federal Government Shutdown – What does it Mean for Real Estate? Survey Says….

January 8, 2019 by Tracy Johnson

An NAR survey of 2,211 members found 75 percent had no impact to their contract signings or closings. However, 11 percent did report an impact on current clients and 11 percent on potential clients.

If respondents reported an impact on current or potential clients, they were asked further details. Respondents were allowed to pick more than one response, as they may be working with more than one client.

The most common impact, at 25 percent, was the buyer decided not to buy due to general economic uncertainty, though they were not a federal government employee.

Among those impacted by the shutdown, 17 percent had a closing delay because of a USDA loan.

Click HERE for a list of all programs impacted and not impacted by the Federal Government Shutdown.

Filed Under: Uncategorized

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