3 In 10 Americans Missed Housing Payments in June

Industry News,

….Rob Warnock, research associate at Apartment List said, “We’ve consistently reported higher missed payment rates than NMHC, and I think it has to do with two things.

“The first is the composition of our samples. By surveying professionally managed multi-family apartment buildings, the NMHC data naturally favors newer market-rate units and a wealthier demographic of residents who can afford them. Our survey, on the other hand, doesn’t have this exclusion. So, I think we’re capturing more inventory on the lower-end of the market, where missed/late payments may be more common….

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