These experts have been down this road before.
President Biden and Congress are facing another government shutdown. If they can’t reach a deal by Oct. 1, different federal agencies will begin cutting back on services or shutting down completely, which would be bad news for wide swaths of the American public. The impact on real estate depends largely on how long the shutdown lasts, according to the Department of Housing and Urban Development.
Gerry Bourgeois is senior adviser to the CEO and COO of Lamacchia Realty. He’s been through more than a few government shutdown threats and actual shutdowns in his 30-plus-year career. It looks increasingly like the government will shut down this time, Bourgeois said, and if it lasts only a few days, it won’t affect most home sales at all.
