This has been trending down (just like the unemployment rate) as in September 2020 about 6.2 million households failed to make rent or mortgage payments.
The National Multifamily Housing Council (NMHC)’s Rent Payment Tracker found 86.8 percent of apartment households made a full or partial rent payment by October 13 in its survey of 11.5 million units of professionally managed apartment units across the country.
This is a 2.4-percentage point, or 271,000-household decrease from the share who paid rent through October 13, 2019 and compares to 86.2 percent that had paid by September 13, 2020. These data encompass a wide variety of market-rate rental properties across the United States, which can vary by size, type and average rental price.
Hawaii opened up to visitors again on October 15th. I'm getting bookings left and right for my vacation rental. Like rapid fire. First guest checked in 2 hours ago. Was a long 5 months.
Wasn't there a Payment Deferment from the Gov't? If you didn't have to pay your mortgage for several months, no penalty, wouldn't you too? I think you'd be dumb not save the money. Hell, just save the money for Rainy days or IRA or Roth it.
Santa Cruz is packed to the gills with people on weekends. I guess a lot of public parks are still closed. Nowhere else to go but the beach.
I went paddle boarding, and I had to walk half a mile with my board for one parking spot that magically opened up. It felt like they talk about SoCal.
The place I go was crawling with people like I never see, kids underfoot, etc. I hate walking around with a board with those kiddies, they are like random guided missiles to your legs, and they hang on the stairs and all over the areas you like to go into and out of the surf.
Florida panhandle has shown promise as far as economic recovery.
The local airport in Panama City Beach bottomed at 5% of 2019 airline traffic in May 2020.
And in July 2020 it was at 60% of 2019 levels. Waiting on August - September 2020 data.
And below is from a South Florida business journal's recent article:
"Scott Webb, president of Delray Beach-based Kolter Hospitality, said occupancy at his South Florida hotels have plateaued at about 50% in recent weeks, up from 20% to 30% range in April and May, according to STR data.
Webb predicts occupancy could be between 75% and 85% by the start of 2021 thanks to leisure travelers from outside of Florida. It's not the 95% occupancy at the start of 2020 that was typical during that time, but it's still a marked improvement from the summer post-pandemic lows."
This has been trending down (just like the unemployment rate) as in September 2020 about 6.2 million households failed to make rent or mortgage payments.