You are here

US govt shutdown threatens housing rally

Loan approvals could be delayed, furloughs may crimp demand for homes
Thursday, October 3, 2013 - 06:00

[LOS ANGELES] A US government shutdown will immediately slow approval of thousands of mortgages. If it lasts more than a week, it threatens housing and the broader US economic recovery. Congress forced the first partial government closure in 17 years after failing to pass a budget, meaning

sentifi.com

Market voices on:

Nespresso
Pair your daily business read with the perfect cup of espresso.

Subscribe to The Business Times today to receive your very own Nespresso Inissia coffee machine worth $188.

Find out more at btsub.sg/btdeal

Powered by GET.comGetCom