IET Real Estate Los Angeles Blog

I am a real estate agent in <a href="http://www.real-estatearizona.com">Gilbert AZ</a> and I had a contract in on a HUD home, needless to say I was very excited they kept the government from shutting down.

Thank goodness the shut down was averted.... as we headed into the weekend with many real estate closings in question, it wasn't exactly easy to be understanding of the stalemate. As things were sorted out and business continued, it was definitely a relief.

It means the same for Realtors as it does for the rest of the population - slow tortuous financial death. When are the elected officials - on both sides of the aisle - going to stop their foolish bickering and remember who they work for?

And when are we, as a nation, going to elect people on the basis of leadership and knowledge rather than sound-bites and oratory?

Soon this will not be America - it will be a political version of the Jerry Springer Show!

Just losing FHA loans alone would have hurt the real estate market hard. The remaining programs, like VA, would not be enough to support the supply of houses on the market and prices would plummet. I'm glad they resolved the problem before it trickled down to us.