High housing costs, a potential end to a moratorium on evictions and prolonged unemployment have many Americans worried about keeping a roof over their heads. A recent study by QuoteWizard by LendingTree, LLC found that nationwide, nearly 25 percent of people (1 in 4) are worried they will face foreclosure or eviction in the next two months. Colorado has one of the highest numbers of people facing eviction. Analysts found that 40.1 percent of Colorado residents are at risk of foreclosure or eviction.
The study also found that people of color are having a harder time paying their mortgages. Asian, Black and Hispanic communities are two to three times more likely to be facing foreclosure or be behind on their mortgage payments than white communities. White communities, though, faced a similar struggle when it came to paying rent. More than 45 percent of both white and Black communities are worried they’ll be evicted in the next two months.
Foreclosure, rent and mortgage payment information was compiled using data from the Centers for Disease Control and Prevention’s Household Pulse Surveys.
