by Mike ‘Mish’ Shedlock
Fear of evictions are on the rise as missed payments were 30% for two months.
A study shows Missed Payments Stabilize In June At Alarming 30% Level.
37 percent of renters and 26 percent of homeowners are concerned that in the next six months they will face an eviction or foreclosure.
This hardship continues to be concentrated among renters, younger and lower-income households, and urban dwellers. Missed payment rates are highest for renters (32 percent), households earning less than $25,000 per year (40 percent), adults under the age of 30 (40 percent), and those living in high-density urban areas (35 percent).