States at the forefront of the housing crisis amidst the pandemic

Rhea-AI Summary

QuoteWizard, a LendingTree company, published a report evaluating states addressing the housing crisis amid rising homelessness predictions due to the pandemic. In 2020, an estimated 568,000 Americans experienced homelessness, with 10.74 million unemployed as of November. Key findings include Colorado ranking first in housing assistance from 2018 to 2019, while Connecticut saw a 23.6% decrease in homelessness. States like Mississippi, Louisiana, and Alabama had the lowest rates of homelessness per 10,000, contrasted with New York, Hawaii, and California, which reported the highest.

Positive

• Colorado ranked first for housing assistance, showing commitment to addressing homelessness.
• Connecticut achieved a 23.6% decline in homelessness from 2018 to 2019.

Negative

• A significant increase in homelessness is predicted post-pandemic.
• 10.74 million Americans were unemployed as of November 2020, contributing to housing instability.

SEATTLE, Jan. 19, 2021 /PRNewswire/ -- QuoteWizard®, a LendingTree company, and one of the nation's leading online insurance marketplaces released a report evaluating which states are at the forefront of addressing the housing crisis. Although it is too early to know the exact outcome of 2020, experts are predicting a significant increase in homelessness in America. The state of homelessness is an ongoing issue; each year tens of millions of Americans are at risk or endangered of being left without basic needs and safety.

As of November 2020, the national unemployment level of the United States stood at about 10.74 million unemployed persons. The job loss and financial burdens caused by unexpected medical costs are an undeniable consequence of the coronavirus pandemic and put many more at risk of losing their homes.

Visit the full report here: https://quotewizard.com/news/posts/states-housing-crisis-amidst-the-pandemic

Key Findings:

• Colorado ranked the top state in the nation for housing assistance from 2018 to 2019.
• Connecticut saw a 23.6% decline in homelessness from 2018 to 2019.
• In 2019, it was estimated that nearly 568,000 were experiencing homelessness.
• As of November 2020, 10.74 million Americans are unemployed.
• Mississippi, Louisiana and Alabama all had the lowest counts of total homeless per 10K in 2019.
• New York, Hawaii and California have the most homeless per 10K.

State	Best homeless assistance rank	Homelessness rate change	Homeless per 10K
Colorado	1	-12.4%	17
Georgia	2	8.9%	10
Oregon	3	9.0%	38
New York	4	0.7%	47
California	5	16.5%	38
North Dakota	6	2.5%	7
New Jersey	7	-5.4%	10
Wyoming	8	-14.4%	9
Idaho	9	12.9%	13
Missouri	10	4.9%	10
South Carolina	11	4.7%	8
Illinois	12	-3.6%	8
Indiana	13	3.4%	8
Ohio	14	0.9%	9
Florida	15	-9.5%	13
Kentucky	16	10.7%	9
Hawaii	17	-1.5%	45
New Mexico	18	27.0%	15
Texas	19	1.1%	9
Arizona	20	-0.1%	14
North Carolina	21	-0.6%	9
Massachusetts	22	-7.8%	27
Tennessee	23	-6.1%	11
Alaska	24	-4.7%	26
Mississippi	25	-12.2%	4
Maryland	26	-8.2%	11
Vermont	27	-15.3%	17
Maine	28	-16.7%	16
Minnesota	29	9.6%	14
Nebraska	30	-2.6%	12
New Hampshire	31	-4.0%	10
South Dakota	32	-14.4%	11
Nevada	33	-6.4%	23
Kansas	34	7.4%	8
Iowa	35	-15.8%	7
Alabama	36	-5.4%	7
Connecticut	37	-23.6%	9
Washington	38	-4.3%	28
Michigan	39	2.8%	9
Virginia	40	-3.3%	7
Wisconsin	41	-7.7%	8
Louisiana	42	-3.6%	6
Delaware	43	-15.5%	9
Pennsylvania	44	-2.3%	10
Utah	45	-4.1%	9
Montana	46	-4.0%	13
Rhode Island	47	-4.3%	10
West Virginia	48	13.3%	8
Arkansas	49	0.0%	9
Oklahoma	50	1.5%	10

Methodology

To find which states have the biggest improvements in homelessness assistance, QuoteWizard analyzed the National Alliance to End Homelessness data on the rate change of homeless assistance programs between 2018 and 2019. We analyzed seven assistance program factors and compiled the data into a composite ranking. The ranking is based on each state's rate change of emergency shelters, other permanent housing, permanent supportive housing, rapid re-housing, safe haven program, transitional housing and the total number of rental assistance programs. Associated with the ranking are the homeless rate change per state between 2018 and 2019 and the rate of homelessness per 10,000 people in 2019 from the United States Interagency Council on Homelessness.

About QuoteWizard QuoteWizard (quotewizard.com) is an insurance comparison marketplace for consumers looking to save on insurance. QuoteWizard provides consumers with direct access to thousands of qualified agents in all 50 states, as well as major carriers, who offer personalized quotes and the opportunity to save up to 40% on auto, home, health, and life

insurance. Agents and carriers, in turn, benefit from millions of highly qualified leads, calls, and traffic to their site. Based in Seattle, QuoteWizard was founded in 2006.

For more information, go to quotewizard.com, like our Facebook page and/or follow us on Twitter @quotewizard.

About LendingTree LendingTree (NASDAQ: TREE) is the nation's leading online marketplace that connects consumers with the choices they need to be confident in their financial decisions. LendingTree empowers consumers to shop for financial services the same way they would shop for airline tickets or hotel stays, comparing multiple offers from a nationwide network of over 500 partners in one simple search, and can choose the option that best fits their financial needs. Services include mortgage loans, mortgage refinances, auto loans, personal loans, business loans, student refinances, credit cards and more. Through the My LendingTree platform, consumers receive free credit scores, credit monitoring, and recommendations to improve credit health. My LendingTree proactively compares consumers' credit accounts against offers on our network and notifies consumers when there is an opportunity to save money. In short, LendingTree's purpose is to help simplify financial decisions for life's meaningful moments through choice, education and support. LendingTree, LLC is a subsidiary of LendingTree, Inc.

Media Contacts:

Emily: emily@quotewizardnews.com
Nathan: nathan@quotewizardnews.com
Elli: ecarrillo@quotewizardnews.com

SOURCE: QuoteWizard.com

Related Links
https://quotewizard.com
https://quotewizard.com/news/posts/states-housing-crisis-amidst-the-pandemic 

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SOURCE QuoteWizard

FAQ

What did QuoteWizard report about homelessness in January 2021?

QuoteWizard reported a significant rise in homelessness due to the pandemic, highlighting that 10.74 million Americans were unemployed as of November 2020.

Which state had the best ranking for housing assistance according to the report?

Colorado was ranked the top state for housing assistance from 2018 to 2019.

What was the change in homelessness rate for Connecticut between 2018 and 2019?

Connecticut saw a 23.6% decrease in homelessness from 2018 to 2019.

How many Americans were experiencing homelessness as of 2019?

In 2019, it was estimated that nearly 568,000 Americans were experiencing homelessness.

Which states had the highest rates of homelessness per 10,000 people?

New York, Hawaii, and California reported the highest rates of homelessness per 10,000 people.