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Real Estate / The Ticker

Don’t blame the shutdown for housing's slowdown

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According to The Wall Street Journal, upcoming housing data is likely to reveal that the housing market is showing signs of slowing. However, people should not blame the government shutdown just yet. The WSJ explains:

The pace of housing price and sales gains from earlier this year were already slowing before the government shutdown.

The data is a clear sign that the shutdown probably wasn’t weighing on the housing market in September. Of course, October and November could be a much different story—but figures for those months won’t be released for at least another month. 

Source: WSJ
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