While some Americans are changing their shopping plans because of the ongoing government shutdown, most are moving forward with big-ticket purchases like homes and new vehicles.
A new Redfin survey from earlier this month found that while 17% of Americans are delaying large purchases, 65% of respondents stated that the shutdown has no impact on their plans. Only 7% are canceling plans for any major purchases.
However, job security is still worrying a number of Americans. In August 2025, 37% of workers reported that their worries about job security had increased since the start of the year, and 24% stated that they were cancelling plans for major buys.
It’s worth noting that the White House is considering not paying furloughed federal employees for time they didn’t work during this shutdown. In addition, millions of others who are employed by private companies may also go without pay during the shutdown if their projects rely on federal grants or contracts.
Learn more here.
Rancho Palos Verdes Realtor Broker Associate Karen Anderson, along with her Real Estate Team, The Prestige Team, has been selling residential real estate in the South Bay, including Rancho Palos Verdes, San Pedro, and far beyond LA County, for over 27 years and is ranked in the top 1% of realtors in Rancho Palos Verdes. We specialize in transforming homes into impeccably presented real estate listings that command top dollar in the shortest amount of time!
Learn more about us below!
The Residential Purchase Agreement is 10 pages of terms and conditions that stipulate every aspect of the purchase, and we know exactly how to use them to your complete advantage!
As experienced Full-Service Realtors, we know how to leverage you buying and bargain power. Whether competing to get your offer accepted or negotiating repairs, our goal is to get you a great deal!
The added benefit of working with The Prestige Team is that one of our Real Estate Professionals is always available to help. No missed opportunities!
Need help with decluttering? Whether you need a few boxes and an extra set of hands, have a house full of items that need to go, we have the resources in place ready to assist with your needs!
Schedule Management is crucial if you have a time frame in mind for the sale of your home. Let us use our experience to ensure every aspect of preparing your home for the market stays on schedule!
The added benefit of working with The Prestige Team is that one of our Real Estate Professionals is always available to help. No missed opportunities!
As we enter October, the temperatures are (Hopefully) falling and the days are getting shorter, bringing with them all the wonderful family-friendly October events we
The Rancho Palos Verdes real estate market in September 2026 showed strengthening conditions compared with August 2026. Single-family activity recorded 33 closed sales, with median
The San Pedro real estate market in September 2026 showed strengthening conditions compared with August 2026. Single-family activity recorded 17 closed sales, with median pricing