First Alert Weather Alert: Flood Warning expires at 8:00 PM on 4/28, issued at 10:03 AM Bryceville, FL | Callahan, FL | Fernandina Beach, FL | Glen Saint Mary, FL

Failure to make Obamacare deal may affect Florida home sales

Set Text Size SmallSet Text Size MediumSet Text Size LargeSet Text Size X-Large
Updated: 9/30/2013 10:40 am
SEMINOLE, COUNTY, Fla. (WFTV) -- The government teeters on the brink of a partial shutdown Monday. After several talks over the weekend, House Republican and Democrat senators are still at a stalemate, with a midnight deadline.

The bitter dispute over Obamacare is spilling out on the airwaves.

"The President is the one saying, 'I will shut down the government if you don't give me everything I want on Obamacare," said Sen. Rand Paul.

To keep the government open, house Republicans want to delay the health care law by one year, and repeal a tax on some medical devices.

"It is wrong to do a shutdown of government as the lever to make change," said Sen. Tim Kaine.

However, Senate Democrats and Obama are refusing to budge.

A shutdown would also mean delayed mortgages for first-time home buyers. If a deal isn't reached, home sales in central Florida could take a hit.

It could mean a headache for people looking to buy a home because that process could end up being delayed and there's a chance interest rates could go up.

Rick Nayar from Centurion Realty Group said with a government shutdown, federal loan processing could be seriously delayed.

"What if they were moving out of their rental place and were getting ready to move into their new place that's closing Oct. 1? Now they can't do that," said Nayar.

That could push back closing dates, and if there are a number of offers on one home, Nayar said a seller could decide to go with a different buyer whose money is not tied up in the mess.

"The problem is going to be when we get into two weeks or three weeks or four weeks," said Nayar.

In spite of possible problems, Nayar said he feels the market over all won't tank and that home prices should stay close to where they are.

However, he said the sooner things get back to normal the better everyone's confidence will be in the market.

6 Comment(s)
Comments: Show | Hide

Here are the most recent story comments.View All

The views expressed here do not necessarily represent those of Action News Jacksonville

Gunny48 - 9/30/2013 8:16 PM
1 Vote
"Funny" how the passage of this health care bill is tied to raising the debt ceiling...which simply means this bunch of thieves get to steal more!

Mandy M - 9/30/2013 2:37 PM
1 Vote
This is exactly why the Federal government shouldn't be having anything to do with home loans anyway. It just gives them one more point of control: "Pass this stupid healthcare law, or you won't be able to move into your new house." The Federal government needs to be trimmed WAAAAAY back.

nativejax - 9/30/2013 1:33 PM
2 Votes
Again, this is worth repeating.... Do you believe in the Constitution? Let me tell you what that makes you in the eyes of top Democrats. Harry Reid called you an anarchist. Nancy Pelosi says that you are a political arsonist. One of Obama's top advisors likened you to a suicide bomber. Obama himself says that you are an extremist and an extortionist. This is the type of inflamed, hate-filled rhetoric that we are up against..IMPEACH OBAMA..he is NOT representing the hard working Americans, who SUPPORT the bums who live 20 years on welfare.

FlSunRise87 - 9/30/2013 1:30 PM
3 Votes
Not only do NONE of us want this disgustingly insult of a health care act to go through but the utter pompous behavior of the president himself willing to let the entire government shut down over NOT gaining approval?! GTFO! This whole thing is appalling!

wishmistress - 9/30/2013 11:46 AM
4 Votes
Right on, Capt! Don't forget all the other things in this bill that have NOTHING TO DO WITH HEALTHCARE. Those who didn't bother to do their research are in for a very rude awakening.

CaptA60 - 9/30/2013 10:48 AM
4 Votes
WE DO NOT WANT THIS OBAMACARE SO NO PROBLEM But because everyone is scared of the President they are scared he will lose votes I don't care about his votes I DID NOT VOTE for him in the beginning: Someone needs to seriously read this BS. If you are on a fixed income well there goes all your money on a healthcare that will STOP paying after 65 if you become Terminally Ill
Inergize Digital This site is hosted and managed by Inergize Digital.
Mobile advertising for this site is available on Local Ad Buy.