COVID-19 Slams Some State Economies, Pardons Others

Aerial view of Las Vegas.

Bankrate used its Housing Hardship Index to determine which state economies saw the largest and smallest impact from the COVID-19 pandemic.

Navi Persaud
 & 
July 2, 2020

Bankrate used its Housing Hardship Index to determine which state economies saw the largest and smallest impact from the COVID-19 pandemic. The report revealed that economies of tourism-dependent states like Nevada and Hawaii, while seeing relatively few deaths associated with COVID-19, are suffering the most among other states across the U.S.

The impact was determined by using mortgage delinquencies and unemployment numbers to show which states had the largest slowdowns during the pandemic. The five states that were hit the hardest include Nevada, Hawaii, Michigan, New Jersey and Rhode Island. The mortgage delinquency rate in Nevada rose to 9.99% in May 2020, while unemployment fell to 25.3%. Hawaii's mortgage delinquency rate rose to 9.30% with unemployment rising slightly to 22.6%.

Click here to read more about which state economies were hit the hardest by COVID-19.

This article originally appeared in the National Mortgage Professional print magazine.

Navi is the Director of Online Content for American Business Media in West Hartford, Conn.

Navi is the Director of Online Content for American Business Media in West Hartford, Conn.

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COVID-19 Slams Some State Economies, Pardons Others
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COVID-19 Slams Some State Economies, Pardons Others

July 2, 2020
by
Navi Persaud

Bankrate used its Housing Hardship Index to determine which state economies saw the largest and smallest impact from the COVID-19 pandemic. The report revealed that economies of tourism-dependent states like Nevada and Hawaii, while seeing relatively few deaths associated with COVID-19, are suffering the most among other states across the U.S.

The impact was determined by using mortgage delinquencies and unemployment numbers to show which states had the largest slowdowns during the pandemic. The five states that were hit the hardest include Nevada, Hawaii, Michigan, New Jersey and Rhode Island. The mortgage delinquency rate in Nevada rose to 9.99% in May 2020, while unemployment fell to 25.3%. Hawaii's mortgage delinquency rate rose to 9.30% with unemployment rising slightly to 22.6%.

Click here to read more about which state economies were hit the hardest by COVID-19.

Written by 
Navi Persaud

Navi is the Director of Online Content for American Business Media in West Hartford, Conn.

npersaud@ambizmedia.com

These articles are powered by National Mortgage Professional

Bankrate used its Housing Hardship Index to determine which state economies saw the largest and smallest impact from the COVID-19 pandemic. The report revealed that economies of tourism-dependent states like Nevada and Hawaii, while seeing relatively few deaths associated with COVID-19, are suffering the most among other states across the U.S.

The impact was determined by using mortgage delinquencies and unemployment numbers to show which states had the largest slowdowns during the pandemic. The five states that were hit the hardest include Nevada, Hawaii, Michigan, New Jersey and Rhode Island. The mortgage delinquency rate in Nevada rose to 9.99% in May 2020, while unemployment fell to 25.3%. Hawaii's mortgage delinquency rate rose to 9.30% with unemployment rising slightly to 22.6%.

Click here to read more about which state economies were hit the hardest by COVID-19.

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