Quote a letter in Globes that can easily be supported by statistics from the US administration: the dramatic increase in the number…
A quote from a letter in Globes that can easily be supported by statistics from the US administration:
The dramatic increase in the number of unemployed has severely affected the lives of tens of millions of Americans. About 50 million of them receive food stamps from the federal government, a plan whose cost has jumped 50 percent since it emerged into the corona world. As unemployment continues to rise, so do problems with mortgage payments. The Organization of Mortgage Banks estimated at the end of 2020 that the number of homes in the payment freeze increased at the end of November by about 20,000 cases per week, and stood at about 2.8 million households at the end of December 2020. The situation of tenants is even worse: as of the end of 2020, about 18% of them or about 10 million households have fallen behind in rent payments and are not evicted from their homes mainly due to presidential orders or legislation in various countries - according to Moody's analysis .
The question here for the esteemed forum members is whether in their opinion there will or will not be a collapse in house prices in the United States in light of the above?
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