700,000 households missed rent or mortgage payments in April… 31% of homes sold by investors in Phoenix were sold at a loss in March.

via YAHOO

An estimated 700,000 households across the UK missed rent or mortgage payments in April, according to Which?

The consumer group based the calculation on a survey of 2,000 people by Yonder, which indicated that around 2.5 per cent of households had missed or defaulted on a housing payment in the previous month.

Missed housing payments were particularly high among renters — with around one in 20 (5.2 per cent) renters surveyed missing a payment in the past month.

In March, 31% of homes sold by investors in Phoenix were sold at a loss, the highest percent of any metro area in the country, per RedFin

As home prices fall and rates rise, buyers are dropping out of the market. Consequently, some investors are losing money on real-estate, according to a new report.
The report from Redfin RDFN , which looked at investor-home purchases on a county level and combed through data across 40 of the most populous U.S. metros between 2000 and 2022, found that 13.5% of homes sold in the U.S. by an investor in the month of March were at a loss.
In other words, 1 in 7 homes in the U.S. that were sold by an investor were sold for less than what they had initially bought it for.