SAN FRANCISCO—Industry professionals continue to keep a watchfuleye on rent payments, which are indicative of the multifamilymarket's health during the health crisis. Numerous studies arebeing released on a weekly and monthly basis to keep up with thepercentage of payments received by landlords.
According to the National Multifamily Housing Council, 80% ofhouseholds paid all or partial rent in May compared to 85% inApril. Moreover, the Mortgage Bankers Association reported that8.16% of all loans were in forbearance as of mid-May as landlordsof all sizes try to get ahead of a protracted scenario involvingnonpayments of rent.
The latest Stessa report further examined mortgage forbearanceand changes to future investing strategy. The report exploring howCOVID-19 is impacting the real estate market is based onproprietary and survey data from tens of thousands of US landlordsand real estate investors.
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