Will Sequestration Reverse Real-Estate Gains?

As reported by Kristena Hansen, Phoenix Business Journal, based upon a statement from Cassidy Turley:

Will Sequestration Reverse Real-Estate Gains?...improvements will be thrown into reverse if Congress is unable to reach a deal later this month to scale back widespread federal spending cuts known as sequestration. Should negotiations fail, the Congressional Budget Office estimates job losses could total 750,000 nationwide this year.

via Phoenix commercial real estate market gaining strength, but will sequestration wipe it away? - Phoenix Business Journal.