House sales will not stop while the government is closed. But sellers, buyers, and housing industry will continue to be affected, especially if the closure comes out, and Salma Hayb, chief economist at Cotality Data and Real Estate Analysis.
“In general, the closure provides delays and uncertainty, which increases the barriers in front of buyers for the first time and those who have limited financial flexibility,” says Hip.
The purchase of a house can be withdrawn for a longer period of time, depending on the type of loans and insurance that the buyer needs, as HEPP is noted. “The applicants in the loans of the Federal Housing Department, the VA or the US Department of Agriculture-which represent about a quarter of the mortgage requests-may face significant treatment delays due to the agency signals.”
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