
MarketMinute | Will the government shutdown impact housing?
According to ADP, private payrolls saw their biggest decline in 2 1/2 years during September, a sign of labor market weakening. Despite essential services staying open, the government shutdown means key reports won’t be released, including Friday’s jobs report. Markets are already betting the shutdown will contribute to weakening the economy. There's increasing speculation of further Fed rate cuts. Pending sales of existing homes increased solidly in August to the highest level in 5...
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