Summary
A survey found that 17% of Americans are putting off big purchases, like homes, due to a government shutdown. The shutdown started on October 1 and has resulted in some government services stopping and workers not being paid. This situation is contributing to uncertainty in the housing market.
Key Facts
- The government shutdown began on October 1 and is two weeks old.
- About 17% of Americans are delaying major purchases because of the shutdown.
- 7% of people are canceling plans for big purchases entirely.
- Some government services have paused, and many workers are without pay.
- President Trump plans to lay off some federal workers during the shutdown.
- The housing market was already slow this year due to high mortgage rates.
- Economic uncertainty from the shutdown is discouraging more people from buying homes.
- Low to moderate income home buyers might miss out on opportunities the longer the shutdown lasts.
