Sequestration is on everyones mind as massive government budget cuts are set to go into effect tomorrow.
With a focus on cuts in defense and social programs – what about the housing market?
According to US Secretary of Housing and Urban Development Shaun Donovan sequestration could be “deeply destructive” to all aspects of the
housing market, From programs for the homeless to reconstruction
after Superstorm Sandy. Donovan added, the sequester would, “harm numerous families,
individuals, and communities across the nation that rely on HUD
Follow me on Twitter @WoodworthCourt for all of your business and real estate news. For the Financial News Network Online, I’m Courtney Woodworth.