Government Shutdown Spurs Home-Seller Concern in Washington, D.C.

It is official. The government has shut down and if it doesn’t re-open soon, the Washington, D.C. real estate market is going to take a hit. While the shutdown is in effect, homebuyers across the country will see delays in loan approvals from the Federal Housing Administration (FHA) and Department of Veterans Affairs (VA) and won’t be able to retrieve tax return records from the Internal Revenue Service (IRS). In D.C., where most of the 800,000 furloughed employees live and work, the impact of the shutdown is likely to be more pronounced.

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