The government shutdown is quickly having an impact on home sales in many ways. The majority of loans in our market place are government insured or backed loans. In addition, lenders are unable to secure tax transcripts from the IRS to verify that the taxes have been filed and the income amounts match the information provided by the borrower. There is simply no reliable information available but the one thing you can rely on is that if the government shutdown is not resolved quickly the real estate market is very likely to go into a tailspin. Come on Washington! We have just begun to enjoy a modest recovery!
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