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IPFS News Link • Housing

Nearly Half Of Americans Consider Selling Home As COVID Crushes Finances

• https://www.zerohedge.com by Tyler Durden

New research offers a glimpse into struggling households, discovers out of the 2,000 American homeowners polled, over half (52%) of respondents say they're routinely worried about making future mortgage payments and nearly half (47%) considered selling their home because of the inability to service mortgage payments. 

The study, conducted by OnePoll and the National Association of Realtors, determined 81% of respondents had experienced unexpected financial stress due to the virus-induced recession. Over half (56%) reduced spending so they could service mortgage payments.

Since mid-March, or about the time when the lockdowns began, nearly half (47%) of homeowners have explored alternative ways of making money. About two-thirds of respondents (64%) started side projects, while 53% sold valuables to supplement income. 


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