Items Tagged with 'government shutdown'

ARTICLES

  • Reverse mortgage data spotty for January

    Government shutdown clouds endorsement results
    Reverse mortgage endorsements dropped 5.8% to 1,649 loans in January, according to the latest report from Reverse Market Insight. But HECM loans were not endorsed during the recent government shutdown, so the data reflects a huge gap in activity from Dec. 22 to Jan. 27. "It's hard to honestly know what to make of that given the noise introduced by the government shutdown," RMI wrote.
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  • From HW Magazine

    HOT or NOT February: What is trending in housing right now?

    Government shutdowns are on the rise
    Government shutdowns are increasing - happened three times in 2018. But HELOCs are down. After soaring to a near 10-year high, HELOC originations took an unexpected tumble in the third quarter of 2018, falling 14% from the previous quarter and 11% from the year before.
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  • The true economic impact of the shutdown has just begun to reveal itself

    Initial estimates place loss to U.S. economy in the billions
    Now that the longest government shutdown in U.S. history is officially over (for the time being, at least) and the dust is starting to settle, we’re getting our first look at the cost of the shutdown on the economy. According to S&P, the economy lost at least $6 billion dollars because of the shutdown, which S&P notes is more than the $5.7 billion that the White House requested for the border wall that was the central cause of the shutdown itself.
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  • San Jose bans evictions on unpaid federal workers

    City council moves to protect federal workers during shutdown
    Prior to the end of the longest government shutdown in the nation's history, the city of San Jose moved to ban all evictions in the city on unpaid federal workers until one month after the shutdown ends.
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  • Warner introduces legislation to prevent future government shutdowns

    America’s low-income citizens hardest hit by shutdown
    The government shutdown has now been going on for more than a month, but newly introduced legislation, if passed, could prevent this from ever happening again. The partial government shutdown is having the highest impact on America’s most vulnerable citizens – an impact that this bill seeks to prevent in the future.
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  • Existing home sales plummet in December

    What will the ongoing government shutdown mean for future sales?
    After seeing gains in previous months, existing home sales dropped suddenly in December, seeing double-digit losses from the year before. Due to the prolonged government shutdown, some might wonder what the effect has been on real estate, and if it is to blame for the decrease in home sales. NAR explains.
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