9.9 million Americans were behind on their mortgage or rent payments by the end of October and had little to no confidence that will make next month’s payment, according to the U.S. Census Household Pulse Survey.
More signs of a 2021 housing crash like I have predicted.
The lockdowns caused by the Covid-19 pandemic have devastated businesses across the U.S. creating massive unemployment. Now that the moratoriums and unemployment protections have ended, almost 10 million homeowners and renters are at risk of foreclosure or eviction.
With no solutions on the economic horizon and more lockdowns being predicted ahead, it is only going to get worse. Much worse!
The data charts below were created using the Household Pulse Survey which is a near real-time data collection tool by the U.S. government on the various ways people’s lives have been impacted by the coronavirus pandemic.
Maurice is the Chief Inspector for U.S. Commercial Building Inspections of Southern California. He is a Certified Commercial Property Inspector (CCPI) and brings over 25 years of extensive experience in real estate, construction, restoration, remediation, and business development.
Do you need an inspection? Call 619-473-2133 for a free quote.