Half of U.S. homeowners struggle with mortgage due to COVID-19, consider selling home
This will be a good time to buy if you are able. Get a good deal off other's misfortune.
Read the rest of the article at the link.The coronavirus pandemic has been devastating for the United States economy. A new study finds the crisis could soon cause a big shakeup in the real estate market. As homeowners struggle to pay their bills, researchers say many Americans are thinking about putting up the “For Sale” sign.
A survey of 2,000 American homeowners found that 52 percent are constantly concerned about making their mortgage payment on time. Forty-seven percent of the poll say they’re considering selling their home because they can’t afford their mortgage anymore.
Researchers say 35 percent of U.S. homeowners admit they’ve missed a mortgage payment during the pandemic. The same amount of respondents said they worry about losing their home because of the financial situation COVID-19 has put them in.
The poll, commissioned by the National Association of Realtors, also found that eight in 10 homeowners say the COVID-19 pandemic has caused an unexpected financial problem in their lives.
Cutting back to make the mortgage