Is the government shutdown affecting the housing market? | Phoenix Real Estate Market Update

by Caitlin McKeague

The federal government shutdown could ripple through the housing market — but how much will it impact Phoenix real estate?

In this week’s market update, I’m breaking down exactly what’s happening with NFIP suspensions, delayed loans, and buyer confidence — plus how it could affect closings across the Valley.

You’ll also see where Phoenix ranks among the seven U.S. markets with the fastest-falling home prices, how mortgage rates are reacting, and what the latest Cromford Market Index (CMI) says about whether we’re in a buyer’s or seller’s market right now.

We’ll look at:

The real estate impact of the government shutdown

Why 1,400 home sales a day are at risk nationwide

The latest Phoenix home price trends and price cuts

How luxury homes are still driving appreciation

What mortgage rates are doing this week (and why they might dip)

Updated buyer vs. seller market data across the Valley

If you’re thinking about buying or selling in Phoenix, this is the market intel you need.