Zillow reports $400 million in mortgage and rent payments are due this month from federal workers.
“Like Americans in the private sector, many federal employees rely on each and every paycheck to cover critical expenses, including housing,” Zillow senior economist Aaron Terrazas said in the report. “In many parts of the country, housing affordability is already stretched and a single missed payment can begin the long process toward foreclosure or eviction — which has long-term impacts on an individual’s finances and long-term economic prospects.”
