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Government Shutdown Hurting Our Industry?

By
Real Estate Agent with Keller Williams Realty

Government ShutdownGovernment Shutdown Won't Shutdown FHA – Inman News, Sep 30, 2013

Despite reports to the contrary, the Federal Housing Administration will not stop processing loan applications in the event of a government shutdown …
Read the article: http://www.inman.com/2013/09/30/government-shutdown-wont-shut-down-fha/

Government Shutdown Risks Hurting The Housing Recovery – Forbes, Oct. 1 2013

…. New loans will continue to push through most government agency pipelines. What will change is how long the process takes, as many agencies expect to experience delays. …

Capitol Hill

10 Most Cities Most At Risk To A Government Shutdown - Forbes, Oct. 1 2013

…. Trulia chief economist Jed Kolko broke down the 10 cities that could be most affected, based on the percentage of total local wages that go to federal employees in the each of the 100 largest metro areas. ….

 

Get government shutdown updates from Realtor.com: http://www.realtor.org/articles/government-shutdown-updates 

Deborah Laemmerhirt - REALTOR® Brookfield,Newtown,Roxbury,Bridgewater,Washington,Sherman
Keller Williams Luxury Homes International - Brookfield, CT
Luxury Homes,WaterFront,Equestrian,NewConstruction

Thanks for the article and links.  I don't feel that the shut down will affect us at this point.  Last time I heard, the stock market was up today as well.  Our government needs accountability at every level.  Hopefully the participating parties will engage. 

Oct 01, 2013 02:08 AM
Coach KC™
Prosperitor LLC dba Secured Futures - Baldwin, NY
Marketing • Productivity • Revenue • Development

Thanks for the info Don, appreciate the article and links! --Coach

Oct 01, 2013 02:15 AM
Don Callahan
Keller Williams Realty - Savannah, GA
One of The 10 Most Dependable Agents in Eastern US

Deborah, I do hope the partcipating parties DO engage! 

Oct 01, 2013 02:20 AM
Gene Mundt, IL/WI Mortgage Originator - FHA/VA/Conv/Jumbo/Portfolio/Refi
NMLS #216987, IL Lic. 031.0006220, WI Licensed. APMC NMLS #175656 - New Lenox, IL
708.921.6331 - 40+ yrs experience

Don:  Not sure if the most damage can be done in the "actuality" or in the perception.  We don't need additional reasons for clients, both potential and actual, to lose faith once again ... or be scared to enter into transactions.  Not when we're just gaining some steam.  Time will tell, right?

Gene

Oct 01, 2013 02:39 AM