Commentary The number of California households estimated by the US Census Bureau who believe they are “very likely” to lose their homes due to foreclosure in the next two months has jumped 34 times in just the last six weeks. Data reported on June 30 and Aug. 11 earlier this year showed that less than 4,000 mortgage payers were afraid of losing their homes due to foreclosure in the subsequent two month period. That number jumped to over 122,000 in the most recent Census Bureau’s “Household Pulse Survey” results released on Sept. 22. Furthermore, the number of renters and mortgage payers who believe they are “very unlikely” to be able to make their next rent or mortgage payment has increased 40 percent in just the last six weeks. There are now 1.4 million households who believe they cannot make their next housing payment. Those 1.4 million households are comprised of 940,000 renters …
Giant Increase in CA Homeowners Fearing Foreclosure, New US Census Data Shows
September 23, 2021
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