As you might be aware, the US government may go into a partial government shutdown if Congress cannot agree on the provisions of a Continuing Resolution (CR) to fund the federal government by September 30. This partial shutdown would include some federal housing, mortgage, and other programs of interest to the real estate industry. Essential services, such as the post office, will continue to run.
St. Louis REALTORS® and the National Association of REALTORS® (NAR) want to make sure members are aware of the potential impact on their work so that they can be as prepared as possible depending on the outcome. In response, NAR's Advocacy Group has created a webpage providing information on what a government shutdown would mean for REALTOR® members.
While this is a very politically dynamic event, NAR staff will continue to monitor federal agencies and work with Congress, the Administration, and other groups to assess ongoing impacts to REALTOR® members and their businesses. St. Louis REALTORS® will continue to keep you informed as this situation develops further.
If you have questions about what a government shutdown could mean for local St. Louis REALTORS®, please reach out to Vice President of Government Affairs Charlie Hinderliter at [email protected].