The pandemic's impact on apartment dwellers hasn't been uniform.
In its third-quarter National Housing Survey, Fannie Mae found that nearly one-third of respondents have experienced non-voluntary employment changes, including reduced working hours, layoffs, furloughs, pay cuts or their employers going out of business.
Fannie Mae found that lower-income households, renters and minorities are two to three times more likely to be concerned about their ability to pay their bills. They are also significantly more likely to be concerned about job loss and to have experienced job loss or furlough during the pandemic.
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Leslie Shaver
Les Shaver has been covering commercial and residential real estate for almost 20 years. His work has appeared in Multifamily Executive, Builder, units, Arlington Magazine in addition to GlobeSt.com and Real Estate Forum.
