Through the first half of October, Trulia found that the government shutdown, which began on Oct. 1, has not significantly influenced asking prices for homes listed on its site through Oct. 15.

By comparing changes in asking prices in metros with local incomes heavily dependent on the federal government to those with less dependence, Trulia found that “(m)etro-level asking home-price changes in the first half of October were uncorrelated with the local economic impact of the shutdown.”

While the shutdown might not concern Trulia’s chief economist, Jed Kolko, three things related to the government that do concern him remain:

  • A scaleback in the government’s bond-buying activity that is expected to raise mortgage rates.
  • Budget discussions, which could put the mortgage interest deduction on the chopping block.
  • Fannie Mae and Freddie Mac reform that could change the wide accessibility of the 30-year, fixed-rate mortgage.

Source: Trulia

Show Comments Hide Comments

Comments

Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
By submitting your email address, you agree to receive marketing emails from Inman.
Success!
Thank you for subscribing to Morning Headlines.
Back to top
Inman Connect is LIVE next week! Join us and thousands of your peers from wherever you are.Register Today×
Log in
If you created your account with Google or Facebook
Don't have an account?
Forgot your password?
No Problem

Simply enter the email address you used to create your account and click "Reset Password". You will receive additional instructions via email.

Forgot your username? If so please contact customer support at (510) 658-9252

Password Reset Confirmation

Password Reset Instructions have been sent to

Subscribe to The Weekender
Get the week's leading headlines delivered straight to your inbox.
Top headlines from around the real estate industry. Breaking news as it happens.
15 stories covering tech, special reports, video and opinion.
Unique features from hacker profiles to portal watch and video interviews.
Unique features from hacker profiles to portal watch and video interviews.
It looks like you’re already a Select Member!
To subscribe to exclusive newsletters, visit your email preferences in the account settings.
Up-to-the-minute news and interviews in your inbox, ticket discounts for Inman events and more
1-Step CheckoutPay with a credit card
By continuing, you agree to Inman’s Terms of Use and Privacy Policy.

You will be charged . Your subscription will automatically renew for on . For more details on our payment terms and how to cancel, click here.

Interested in a group subscription?
Finish setting up your subscription