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Millions still pausing home payments, Last Year in De Blasio's NYC

Martin Eiden | August 24, 2021

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Millions still pausing home payments

About 2.7 million homeowners are still postponing their mortgage payments, slowing economic recovery. The number of borrowers delaying payments peaked at 8.5% in June, steadily dropped to 5.5% by November, and it hasn't budged since then. Now, economists are worried that the numbers could go up again as job growth sees new resistance. (Full Story)

Last Year in De Blasio's NYC

In his final State of the City speech, Mayor Bill de Blasio set the goal of restoring & surpassing 2020 employment levels, which is a tall order considering NYC lost 900,000 since March. The NYC Small Business Recovery Tax Credit would offer $50 million in rental assistance for up to 17,000 small businesses in hard-hit industries like the arts and hospitality. Who will be the new Mayor? (Full Story)

Good News

Pete Buttigieg makes history as 1st openly gay Cabinet member confirmed by Senate

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Ask An Expert Ep. 37

Picture Perfect: Capturing Elegance + International Brand Building with Alice Prenat

This week, we will be pulled back the curtain on portrait photography and building an international business.

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This video outlines some of the top reasons clients choose to list their homes with The Martin Eiden Team.

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Compass is a licensed real estate broker. All material is intended for informational purposes only and is compiled from sources deemed reliable but is subject to errors, omissions, changes in price, condition, sale, or withdrawal without notice. No statement is made as to the accuracy of any description or measurements (including square footage). This is not intended to solicit property already listed. No financial or legal advice provided. Equal Housing Opportunity. All Coming Soon listings in NYC are simultaneously syndicated to the REBNY RLS.

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Millions still pausing home payments, Last Year in De Blasio's NYC

Featured Blogs

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4th of July in NYC: Where to Watch the Fireworks and Best Events to Attend, Upward Movement Despite Volatili…

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FARE Act, Late-Week Retreat, Where’s The Inflation From Tariffs? Just Wait, Economists Say.

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One Full Point, Slow and Steady, See The New $16.7M Pedestrian Oasis Next To Grand Central Terminal

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Millions still pausing home payments, Last Year in De Blasio's NYC

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Featured Blogs

The Ultimate Guide to NYC's Best Air-Conditioned Escapes in 2025

4th of July in NYC: Where to Watch the Fireworks and Best Events to Attend, Upward Movement Despite Volatili…

US Economy Contracted Sharply To Start 2025 - Worse Than Previously Thought, Record Territory, Inflation Exp…

FARE Act, Late-Week Retreat, Where’s The Inflation From Tariffs? Just Wait, Economists Say.

DUMBO, Brooklyn: A Neighborhood That Blends Art, Tech, and Iconic Views

One Full Point, Slow and Steady, See The New $16.7M Pedestrian Oasis Next To Grand Central Terminal

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