SAN FRANCISCO—Industry professionals continue to keep a watchful eye on rent payments, which are indicative of the multifamily market's health during the health crisis. Numerous studies are being released on a weekly and monthly basis to keep up with the percentage of payments received by landlords.
According to the National Multifamily Housing Council, 80% of households paid all or partial rent in May compared to 85% in April. Moreover, the Mortgage Bankers Association reported that 8.16% of all loans were in forbearance as of mid-May as landlords of all sizes try to get ahead of a protracted scenario involving nonpayments of rent.
The latest Stessa report further examined mortgage forbearance and changes to future investing strategy. The report exploring how COVID-19 is impacting the real estate market is based on proprietary and survey data from tens of thousands of US landlords and real estate investors.
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