Real estate blogs over the past week have postulated all the different ways the government shutdown will influence the housing market, but the SF Chronicle is one of the first news outlets to profile several real-time buyers and sellers who have suddenly had to put everything on hold. One couple is at risk of losing their $30,000 deposit because of IRS paperwork that they can’t get processed and another home is stuck in limbo because of an IRS tax lien. Not to mention the potential sellers who are keeping their homes off the market because they don’t want them to have an artificially increased number of days on the market. Go here to read more about each situation.
If you have seen any impacts from the shutdown with your clients or listings, please let us know in the comments below.