In a piece published this week, Zillow Research described the effects of the government shutdown on the housing market as "wide-ranging and personal." Among other things, because the Federal.
Shutdown could drive federal employees out of housing market: Zillow The government shutdown is not just affecting federal agency employees’ ability to make their mortgage or rent payments, it could take them out of the home buying market, Zillow said.
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The Federal Housing Administration (FHA) has a limited staff due to the shutdown, which could mean delays in the endorsement of some FHA loans, which many low-income buyers opt for to purchase homes.
Woman climbs out of $133K debt. a new report takes a look at its impact on federal workers’ housing expenses. Federal employees who aren’t. Zillow also reports that the shutdown could.
How exactly does a government shutdown affect real estate? So long as it doesn’t drag on too long, the main and immediate impact is the slow down or temporary postponement of the origination of some mortgages and other real estate loans. And that can be very significant since most real estate closings involve a buyer obtaining a loan.
Federal workers affected by the government shutdown have more than $400 million in mortgage and rent payments due this month, and it could cause chaos for the US housing market Bob Bryan Jan. 11.
About 800,000 workers aren’t being paid (about 380,000 are furloughed and another 420,000 are working without pay), and still must find ways to pay for their housing as the shutdown heads into its third week. Zillow estimates that federal employees who are not being paid during the shutdown and own their homes pay about $249 million in monthly mortgage payments.
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Sign Out; My Account;. new data from Zillow indicates that federal employees that own homes make about $249. "The effects of the federal government shutdown on the housing market are wide.
Zillow estimates that federal employees who. SEATTLE, Jan. 8, 2019 /PRNewswire/ — The effects of the federal government shutdown on the housing market are wide-ranging and personal — unpaid.
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