Renters Were 3X More Likely To Miss Payments Than Homeowners In September, October

Renters Were 3X More Likely To Miss Payments Than Homeowners In September, October

Renters were three times more likely to miss payments than homeowners during September and October, according to research from the Mortgage Bankers Association’s (MBA) Research Institute for Housing American (RIHA). The study, titled Housing-Related Financial Distress During the Pandemic, found that the share of renters who missed, delayed, or made a reduced payment rose to…

RIHA: Americans’ Net Worth Rose 17.6% From 2016 To 2019

RIHA: Americans’ Net Worth Rose 17.6% From 2016 To 2019

The median net worth of American households rose 17.6% between 2016 and 2019, according to a new report from the Mortgage Bankers Association’s (MBA) Research Institute for Housing America (RIHA). The report, titled The Distribution of Wealth in America Since 2016, found that median net worth increased from $103,000 in 2016 to $127,000 in 2019,…

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