Tuesday, July 23, 2024
Hawai'i Free Press

Current Articles | Archives

Monday, March 28, 2022
33,234 in Hawaii Behind on Mortgage
By Selected News Articles @ 3:50 AM :: 1772 Views :: Hawaii Statistics, Cost of Living

States with the highest percent of people behind on their mortgages

Stressa.com, March, 2022 (excerpts)

…The share of U.S. mortgage holders who reported being behind on mortgage payments during the pandemic reached a peak of nearly 12% in December 2020, according to the U.S. Census Bureau’s Household Pulse Survey. At that time, the U.S. was enduring another wave of COVID-19 that brought economic disruption to jobs and businesses. Since then, with vaccines allowing people to work more safely and minimizing further disruption to business operations, the percentage of mortgage holders behind on payments has declined to about 7%—an improved figure, but one that still represents more than 6 million American households….

Challenges with mortgage payments and the associated pressures on household finances look different across the country. Some of the states with the highest percentages of people behind on mortgage payments are also those with lower incomes, like Mississippi, Alabama, and Louisiana. In these locations, lower-income homeowners may not have the savings or financial resources to keep up with payments. But some states with higher incomes also have high shares of people reporting that they are behind on mortgage payments. In these states, like New Jersey, Hawaii, and California, housing costs are higher, which may increase the financial difficulty for homeowners in case of lost income….

8. Hawaii

Mortgage holders behind on their payments: 9.6%
Mortgage holders lacking confidence in ability to pay: 25.3%
Total mortgage holders behind on their payments: 33,234
Total mortgage holders lacking confidence in ability to pay: 89,657
Median household income: $86,391
Poverty rate: 8.9%

read … Full Report  

KHON: Hawaii ranked 8th for states behind on their mortgage


TEXT "follow HawaiiFreePress" to 40404

Register to Vote


Aloha Pregnancy Care Center


Antonio Gramsci Reading List

A Place for Women in Waipio

Ballotpedia Hawaii

Broken Trust

Build More Hawaiian Homes Working Group

Christian Homeschoolers of Hawaii

Cliff Slater's Second Opinion

DVids Hawaii


Fix Oahu!

Frontline: The Fixers

Genetic Literacy Project

Grassroot Institute


Hawaii Aquarium Fish Report

Hawaii Aviation Preservation Society

Hawaii Catholic TV

Hawaii Christian Coalition

Hawaii Cigar Association

Hawaii ConCon Info

Hawaii Debt Clock

Hawaii Defense Foundation

Hawaii Family Forum

Hawaii Farmers and Ranchers United

Hawaii Farmer's Daughter

Hawaii Federation of Republican Women

Hawaii History Blog

Hawaii Jihadi Trial

Hawaii Legal News

Hawaii Legal Short-Term Rental Alliance

Hawaii Matters

Hawaii Military History

Hawaii's Partnership for Appropriate & Compassionate Care

Hawaii Public Charter School Network

Hawaii Rifle Association

Hawaii Shippers Council

Hawaii Together


Hiram Fong Papers

Homeschool Legal Defense Hawaii

Honolulu Navy League

Honolulu Traffic

House Minority Blog

Imua TMT

Inouye-Kwock, NYT 1992

Inside the Nature Conservancy

Inverse Condemnation

July 4 in Hawaii

Land and Power in Hawaii

Lessons in Firearm Education

Lingle Years

Managed Care Matters -- Hawaii


Missile Defense Advocacy

MIS Veterans Hawaii

NAMI Hawaii


National Parents Org Hawaii

NFIB Hawaii News

NRA-ILA Hawaii


OHA Lies

Opt Out Today

Patients Rights Council Hawaii

Practical Policy Institute of Hawaii

Pritchett Cartoons

Pro-GMO Hawaii


Rental by Owner Awareness Assn

Research Institute for Hawaii USA

Rick Hamada Show

RJ Rummel

School Choice in Hawaii


Talking Tax

Tax Foundation of Hawaii

The Real Hanabusa

Time Out Honolulu

Trustee Akina KWO Columns


West Maui Taxpayers Association

What Natalie Thinks

Whole Life Hawaii