If the debt ceiling is not lifted, it means that the U.S. government will not be able to borrow any more money, which could lead to a default on its debt obligations. This could have a negative impact on the economy and financial markets, which in turn could hurt the real estate market. The real estate market relies heavily on a stable economy and access to credit, so if the debt ceiling is not lifted and the economy suffers, it could lead to a decline in property values, and make it harder for people to obtain mortgages to buy homes. Additionally, a default on government debt could lead to an increase in interest rates, which would make it more expensive for people to borrow money, including for mortgages.
It’s also worth noting that, the debt ceiling is a limit set by Congress on the amount of money the U.S. government can borrow. This limit is not a reflection on the government’s ability to pay for its obligations but rather a political tool that can be used to exert pressure on government spending.