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.
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About the author
Maurice Bedard
Chief Inspector & Owner · CCPI, CMI, CMR
Maurice Bedard is the chief inspector and owner of U.S. Commercial Building Inspections, a Certified Commercial Property Inspector with more than 25 years in commercial real estate, construction, restoration and remediation across Southern California. He has personally inspected office, retail, industrial, multifamily and institutional buildings for buyers, owners, brokers and lenders throughout San Diego, Orange, Los Angeles, Riverside and San Bernardino Counties.
Written and reviewed by Maurice Bedard · Published December 2, 2020 · Updated June 17, 2023
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