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Today #RealtyBITES video, takes a closer look at how the pending debt ceiling impacts the housing market and you as a homeowner or simply if you are looking to be a first-time buyer. Reaching the debt ceiling limit could have a wide effect across the US economy due to the instability created by paused government spending and as well as the risk to interest rates. If an agreement is not reached to suspend or increase the debt ceiling soon, the Treasury will run out of its available exhaustive measures and the economy could be in trouble. While it has never happened before, there would be a host of consequences that would be felt across the entire economy, hurting the financial well-being of investors across the world. Mortgage rates could increase along with the rates on Treasury bonds and affording a home for some people may become even more challenging than it already is. The debt ceiling crisis can have various implications for the housing market. Here are a few ways it could potentially impact housing. Content of Debt Ceiling: Housing Market Impacts Revealed 00:00 - Intro 00:25 - Brief Overview 02:26 - Consumer confidence 02:43 - Housing market stability 03:06 - Government programs and support 03:28 - Investor sentiment 03:54 - The decline in housing prices 04:15 - Increase in foreclosures 04:43 - Enjoying this video? 04:53 - Limited access to credit 05:15 - Slower housing market activity 05:35 - Negative equity and underwater mortgages 05:57 - Decreased construction and investment 06:17 - Conclusion 06:57 - Happy ending Enjoyed this video then please press the like button and subscribe. Twitter / bitestips Rumble https://rumble.com/c/c-2663992 Instagram / tips.realtybites Pinterest https://www.pinterest.ph/realtybites/ DISCLAIMER This video is for entertainment purposes ONLY & designed to help your thinking, not direct it. These videos shall NOT be construed as tax, legal or financial advice and may be outdated or inaccurate; all decisions made as a result of viewing are yours alone.