Many New Jersey residents are finding it increasingly difficult to keep up with housing costs. A recent study by Deeds.com, using data from the U.S. Census Bureau’s Household Pulse Survey, highlights just how widespread this issue has become.
According to the study, more than 6.6 million households nationwide are behind on mortgage payments, while over 9.4 million renters are struggling to pay rent. New Jersey ranks fifth among states with the highest delinquency rates, following Mississippi, Illinois, Delaware, and Wyoming.
The report found that between 11 and 12 percent of households across the state are behind on payments. Specifically, 5.57 percent of homeowners in New Jersey are late on their mortgages, while 17.7 percent of renters are behind on rent.
As the cost of living continues to rise, many New Jersey residents are searching for solutions to stay afloat. If you or someone you know is facing housing challenges, exploring local assistance programs and financial resources may help ease the burden.Many New Jersey residents are finding it increasingly difficult to keep up with housing costs. A recent study by Deeds.com, using data from the U.S. Census Bureau’s Household Pulse Survey, highlights just how widespread this issue has become.
According to the study, more than 6.6 million households nationwide are behind on mortgage payments, while over 9.4 million renters are struggling to pay rent. New Jersey ranks fifth among states with the highest delinquency rates, following Mississippi, Illinois, Delaware, and Wyoming.
The report found that between 11 and 12 percent of households across the state are behind on payments. Specifically, 5.57 percent of homeowners in New Jersey are late on their mortgages, while 17.7 percent of renters are behind on rent.
As the cost of living continues to rise, many New Jersey residents are searching for solutions to stay afloat. If you or someone you know is facing housing challenges, exploring local assistance programs and financial resources may help ease the burden.
If you're facing challenges with housing costs or need guidance on your real estate options, GoodBuy Homes NJ Realty is here to help. Contact us at GoodBuyHomesNJ@gmail.com or call 973-843-9804 to discuss your situation and explore possible solutions.
