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07/13/2020 | Press release | Distributed by Public on 07/13/2020 08:15

Fewer U.S. tenants paid July’s rent

Only 59.3% of New Yorkers paid rent by July 6

HousingWire (July 13, 2020) -- Multifamily housing saw fewer tenants making their rent payments for July as the COVID-19 pandemic worsened.

According to RealPage and the National Multifamily Housing Council's research, 77.4% of renters living in professionally-managed apartments in the U.S. made their rent payment as of July 6. This has ticked down slightly from a year ago when it was 79.7%.

Monthly payments received by July 6 came from 83.5% of residents in Class A properties, the most luxurious apartments, while 81.5% from those living in Class B properties and 68.9% from those living in Class C properties paid July's rent.

Read more at: HousingWire