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.
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.