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Government Shutdown Expected To Slow Housing Market Growth

Government Shutdown Expected To Slow Housing Market Growth

| Oct 04, 2013 | Housing Market

According to housing market experts, the government shutdown could possibly hurt the growth of the housing industry. Since the housing crash took place in 2008, lenders requested more financial information from borrowers, including tax returns. Experts say that as long as the government is shutdown, the IRS will not be processing forms needed to provide essential information to complete the loan application process. Additionally, government employees will have a difficult time showing proof of employment. More here

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