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Podcast: BiggerPockets Daily
Episode: Is Trouble Brewing? Six Million Americans Are LATE on Mortgage Payments
Description: Millions of Americans are falling behind on their mortgage payments, signaling potential trouble for the housing market. A new study from Deeds.com, based on U.S. Census Bureau data, reveals that over 6 million homeowners are late on their mortgage payments, while 9.4 million renters are struggling to pay rent. Rising interest rates, soaring insurance costs, and inflation outpacing wages are pushing more people to the brink of financial distress.In this episode, we break down which states are seeing the highest delinquency rates, why homeowners are forgoing insurance, and how skyrocketing...