These U.S. housing markets are the most at risk from COVID-19:
Several of those New York City suburb counties have homeowners spending about half their income on housing. When the general rule of thumb is you should spend about a third of your income on housing costs, or in higher markets about 40%, we quickly see how unsustainable some of these conditions are. Many lenders won’t provide a loan to buyers who have to spend half their monthly income to meet the payments.
Florida also presents some reasons to worry, with 10 counties showing up in the top 50. But only one of them, Flager County, ranks in the top 15. As a state that was hit hard during the 2008-2009 downturn, it is perhaps a relief to see they may not have has hard a time during this downturn. This could be because lending was much harder to come by in this state for a longer time period than most others so now the homeowner population is a lower lending risk.
Since New York City has been one of the hardest hit already with regards to number of COVID cases and so many businesses have had to stop operating, the financial implications are going to ripple all the way out to the suburbs. For anyone in these markets it would be worth looking into refinancing your mortgage since rates are so low and it typically saves most borrowers at least several thousand dollars a year.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
How Remdesivir, New Hope for COVID-19 Patients, Was ResurrectedRemdesivir, an antiviral drug designed to treat both hepatitis and a common respiratory virus, seemed fated to join thousands of other failed medications after proving useless against those diseases. The drug was consigned to the pharmaceutical scrap heap, all but forgotten by the scientists who once
Leer más »
Our New COVID-19 Podcast Helps You Know What To Trust In A World Of UncertaintyWhat do we know, and what do we know we don't know about COVID-19? FiveThirtyEight wants to help you make sense of this uncertainty. 🎧 Listen to the new podcast, 'Podcast-19: FiveThirtyEight on the Novel Coronavirus' on Apple and Spotify now.
Leer más »
First responders recovered from Covid-19 return to frontlines with a new grasp of the enemyThe first wave of emergency medical technicians who contracted Covid-19 and survived are now returning to the job, armed with a first-hand understanding of the disease and a new empathy for the patients
Leer más »
Our New COVID-19 Podcast Helps You Know What To Trust In A World Of UncertaintyWhat do we know, and what do we know we don't know about COVID-19? FiveThirtyEight wants to help you make sense of this uncertainty. 🎧 Listen to the new podcast, 'Podcast-19: FiveThirtyEight on the Novel Coronavirus' on Apple and Spotify now.
Leer más »
U.S. court dismisses New York nurses case against Montefiore for COVID-19 protectionA Manhattan federal judge on Friday dismissed a nurse association's lawsuit against a New York City hospital for allegedly failing to provide safety equipment and adopt measures to stop the spread of COVID-19.
Leer más »