(As of November 12, 2025)
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UPDATE:
On November 12, 2025, Congress passed a Continuing Resolution (CR) to fund the federal government at current levels until January 30, 2026, which includes an extension of the National Flood Insurance Program (NFIP). It also provides funding for the U.S. Department of Agriculture (USDA) and Veterans Affairs (VA) loan programs through September 30, 2026. If Congress is unable to agree on additional appropriations by January 30, 2026 to fund the rest of the government for the full fiscal year through September 30, 2026, the result will be a partial shutdown of some government operations. A partial shutdown would include some federal housing, mortgage, and other programs of interest to the real estate industry. Essential services, such as the post office, would continue to run. A summary of the impact on selected agencies is provided below.
While this is a very politically dynamic event, NAR staff will continue to monitor federal agencies and work with Congress, the Administration, and other groups to assess ongoing impacts to NAR members and their businesses.