The federal government shut down at midnight, leaving one of housing’s most critical programs — the National Flood Insurance Program (NFIP) — without authority to issue new policies.

That lapse could derail an estimated 1,400 home sales every day, throwing transactions in more than 22,000 communities into uncertainty.

Industry leaders warn that unless Congress acts quickly to restore NFIP, buyers and sellers in flood-prone areas could face canceled closings, higher costs from lender-placed insurance, or in some cases, the loss of financing altogether.

“Real estate transactions are especially vulnerable during a government shutdown, and NFIP’s stability is critical to keeping the details ⇒

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