If Congress is unable to agree on the provisions of a continuing resolution (CR) to fund the federal government by the end of September, the result will be a partial shutdown of some government operations. The partial shutdown will include some federal housing, mortgage and other programs of interest to the real estate industry. Essential services, such as the post office, will continue to run. The National Association of Realtors (NAR) has published a primer that summarizes the impact on selected agencies. NAR staff will continue to monitor federal agencies and work with Congress, the administration and other groups to assess ongoing impacts to NAR members and their businesses.
Source: NAR; 9/26/2023