Over the last two weeks, we've shown who and what's faced impacts from the federal government hiatus. For one Rockford area family, a normal next step has had them following politics closely. While the shutdown is over, it's put the brakes on this family potentially buying a home.
This past weekend, Dan and Becca Jensen found the house perfect for their growing family. They say it's a short-sale that's been on the market for five weeks. Dan says the bank managing the sale requires Federal Housing Administration, or FHA, appraisal, which, for the Jensen's, didn't happen right away because FHA appraisers faced furloughs. Even though the shutdown is over, their home-buying process might still see a slowdown.
"We're still going to be delayed on buying this house because [the FHA has] to catch up now." -Dan explains.
He says his family is ready to call a house their own.
"It's tough because as a growing family, we're living in a two-bedroom apartment right now. We've got two two-year-olds and a third kid on the way and we've got no place to put a nursery. We have no place for the kids to play. We've got no yard, we've got a single-car garage with no storage and our house is literally just filling up with stuff our little apartment." -he says.
The government's reached an agreement, but the Jensen's says their life is still stalled.
"We're still not going to be able to move in probably until Christmas. While, right now you buy a house, most people would say 'Hey, cool we can move in by Thanksgiving,' we could be seeing Christmas or New Years." -Dan says.
Rockford Area Realtors CEO Steve Bois says the 16-day government shutdown affected not just the Jensen's, but the entire market they're looking to buy a home in.
"It's a very fragile recovering market right now and anything like this will have somewhat of a negative impact." -Bois says.
The Jensen's next step is to meet with their bank to find out what they're still waiting on before they can make an offer.
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