What the Government Shutdown Means for REALTORS
The National Association of Realtors (NAR) recently conducted a survey with 2,211 of its members of how the current government shutdown is impacting their members and their business.
While 75% said that it is not affecting their business, 11% did report an impact on their current clients.
Among those impacted 17% had a closing delay due to a USDA loan. USDA loans were created by the U.S. Department of Agricultural to assist not only farmers but also those who are generally eligible for the standard FHA loan in rural areas. A rural area is defined by population and with a minimum of 50 miles away from a metropolitan city making approximately 97% of the country eligible.
Below is the Infographic released by NAR from the current survey:
Laura Wilson, Broker
Windermere Real Estate, Florence Oregon