Unpaid Federal Workers Will Owe $438 Million In Mortgage, Rental Payments

A new report by Seattle-based Zillow says the effects of the federal government shutdown on the housing market are wide-ranging and personal – putting thousands of unpaid workers nearly $438 million in arrears on their monthly mortgage or rent.

According to recent analysis by the West Coast real estate consulting and research firm, about 800,000 federal workers that aren’t being paid due to the federal shutdown still must find ways to pay for their housing as the work furlough heads into its third week.

Zillow estimates that federal employees who are not being paid during the shutdown and own their homes pay about $249 million in monthly mortgage payments. An analysis also found that renters within that group pay about $189 million for housing each month.    MORE

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