Estimated reading time: 0 minutes, 25 seconds

Missed Rent Payments Could Lead to Next Housing Crisis

Friday, Oct 30 2020
Commercial Lending
Written by 

Federal and local eviction bans are set to expire soon, and a large number of renters will struggle to foot the bill for months of missed payments, with potentially calamitous implications. So reports The Wall Street Journal.

Moody’s Analytics projects that 12.8 million Americans would owe an average of $5,400 in missed payments by year-end if there is no further economic stimulus.

By comparison, 3.8 million homeowners suffered foreclosure from 2007 to 2010, amid the most recent housing crisis.

Read the full article from The Wall Street Journal. 

Read 2719 times
Rate this item
(0 votes)
More in this category: « May Construction Starts Climb 15 Percent Landlords Trade Lower Rents for Longer Leases »

Related items

FOLLOW US

PMG360 is committed to protecting the privacy of the personal data we collect from our subscribers/agents/customers/exhibitors and sponsors. On May 25th, the European's GDPR policy will be enforced. Nothing is changing about your current settings or how your information is processed, however, we have made a few changes. We have updated our Privacy Policy and Cookie Policy to make it easier for you to understand what information we collect, how and why we collect it.
Ok Decline