Thursday, December 17, 2020

Millions of Americans Expect to Lose Their Homes as Covid Rages

Millions of Americans Expect to Lose Their Homes as Covid Rages

By

Alexandre Tanzi

November 23, 2020, 3:21 PM CST

  • Almost 18 million adults are behind on mortgage, rent payments

  • CDC suspension on evictions is slated to expire at end of 2020


Image may contain: text that says 'Housing Dilemma In two metro areas, the low foreclosure/eviction estimate exceeds 100K Low estimate High New York City Houston Los Angeles Atlanta Phoenix Miami Dallas Chicago Philadelphia Riverside San Francisco Washington Boston Seattle Detroit 0 50K 100K 150K Source: U.S. Census Bureau, Household Pulse Survey Note: Metro areas sorted by midpoint 200K 250K 300K 350K 400K 450K Bloomberg, Nov 2020'

Millions of Americans expect to face eviction by the end of this year, adding to the suffering inflicted by the coronavirus pandemic raging across the U.S.

About 5.8 million adults say they are somewhat to very likely to face eviction or foreclosure in the next two months, according to a survey completed Nov. 9 by the U.S. Census Bureau. That accounts for a third of the 17.8 million adults in households that are behind on rent or mortgage payments.

Image may contain: text that says 'Dark Winter Percentage of adults living in households not current on rent or mortgage where eviction or foreclosure in the next two months is either very likely or somewhat likely 11 21 31 41 WA OR MT ND ID MN SD WY ME NV UT NE MA co PA IL IN KS oH WV MO AZ NJ DE NM VA OK TN AR NC AK SC MS TX AL GA FL Source: U.S. Census Bureau, Household Pulse Survey Bloomberg, Nov 2020'


Above is from:  https://www.bloomberg.com/news/articles/2020-11-23/millions-of-americans-expect-to-lose-their-homes-as-covid-rages

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