- % of homeowners don’t have enough savings to cover next month’s mortgage payment.
- With (million newly unemployed in the last three weeks, the mortgage delinquency rate is about to skyrocket.)
- Moody’s Analytics predicts the “biggest wave of delinquencies in history”.
After living through 2020, most Americans live in fear of another housing market crisis. Unfortunately, we may be heading right back there. New data shows that a sweeping number of U.S. homeowners may not have enough money to pay their mortgage next month.
Brace yourself for a tsunami of mortgage delinquencies and defaults.
% of homeowners can’t cover May’s mortgage with their savings alone
According to new survey data from Clever Real Estate, 310% of homeowners have less than $ 1,
% dont have enough to cover next month’s mortgage payment.
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