The Shutdown and Real Estate
On Sept. 30, Congressional negotiators failed to reach an agreement on FY2026 government funding, the result of which is that certain government operations will either shut down or be curtailed.
A government shutdown impacts housing, mortgage lending and other industries crucial to the real estate sector. It also results in a lapse of authorization for the National Flood Insurance Program (NFIP). During a lapse, most lending regulators suspend the flood insurance requirement, allowing sales to proceed without coverage. However, this can create complications if a flood occurs, and it’s unclear whether the home will be covered retroactively once NFIP is reauthorized.
To learn more about how the shutdown will impact real estate, visit the following NAR landing page: What a Government Shutdown Means for REALTORS®