Is the rent going to keep going up like this forever? Can it even do that? This is an important question because rents are rising a lot faster than wages, and are taking an increasingly big bite out of our bank accounts. For America’s 120 million renters, it’s tough to take. We keep seeing reports […] This was originally published on The Penny Hoarder, which helps millions of readers worldwide earn and save money by sharing unique job opportunities, personal stories, freebies and more. The Inc.
Foreclosure Activity At 16 Year Lows Despite A Year of High Unemployment Nationwide
Unemployment in 2020 was over 10% for a large part of the country for a large part of the year therefore foreclosures are at 16-year lows. Are you confused too? DENVER, CO, UNITED STATES, May 8, 2021 /EINPresswire.com/ Foreclosure rates have dropped to 16-year lows across the country according to RealtyTrac (www.realtytrac.com). 214,323 U.S properties were issued filings in 2020. Filings to include notices of default, scheduled auctions, completed auctions, and bank repossessions. This is a reduction of almost 60% when compared to 2019. During 2020 unemployment reach as high as 12.2% in Colorado, 16.4% in California, 30.1% in Nevada, 17.5 and 17.6% in Indiana and Ohio respectively, 15.3% in New York, 12.6% in Georgia, 13.8% in Florida, and 13.5% in Texas. Nevada saw an unemployment rate at a whopping 30.1%