Since early in the pandemic, the Census Bureau has run an experimental frequent series of how households were faring, called the Household Pulse Survey. The latest information for the first half of June has some disquieting implications.
The largest is that approximately 13.9% of respondents who rent and answered said that they weren't currently caught up with rent payments. Another 5.2% said they were occupying premises without paying rent.
Half of the group of responding renters said their rent had gone up within the previous 12 months, as might be expected as the potential for rent increases have been one of the drivers of increased investor interest, rising property prices, and cap rate compression.
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