96
The Big Finish
Wrap your head
around the market's
leading indicators.
30% OF AMERICANS MISSED JUNE
HOUSING PAYMENTS
Many renters and homeowners alike are missing payments, according to a survey conducted by Apartment List. e June rate is 30%, down slightly
from 31% in May but up from 24% in April. Of those who have yet to make their June housing payment, one-third made a partial payment and two-
thirds made no payment at all.
Missed payment rates are highest for renters (32%), households earning less than $25,000 per year (40%), adults under the age of 30 (40%), and
those living in high-density urban areas (35%).
A large percentage of mortgaged homeowners are also feeling the pressure, as just over one-quarter are at least somewhat concerned their homes
will be foreclosed on in the coming six months. Foreclosure concern is greatest among homeowners under 30 (48%), indicating that first-time
homeowners may be feeling disproportionate strain. Other groups with elevated foreclosure concern include those with household incomes below
$25,000 (52%), and those living in dense urban areas (47%).
Here's the percentage of homeowners who couldn't make their full payment in June.
Percent of homeowners who couldn't make their home payment by household income.
$0-25k
$25-50k
$50-75k
$75-100k
$100k+
Income Percentage
40%
34%
30%
25%
21%
