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The rental market is once again about the same as always

Here are the latest Household Pulse results for the rental market:

I'm mostly posting these results just for the record these days, since they haven't really changed much. The latest survey goes through early October, and it once again suggests that nothing much happened in the rental market after the eviction moratorium was struck down.

7 thoughts on “The rental market is once again about the same as always

  1. cmayo

    Because, again, many of the largest rental markets or jurisdictions in the country, get this, SHEBIP:

    Still
    Have
    Eviction
    Bans
    In
    Place

    Until the end of 2021 or substantially into 2022.

    Meanwhile, others literally just ended less than a month ago.

    1. Lounsbury

      Which ones, specifically and what percentage of market. Merely chanting your acronym really does not say anything unless the percentage of market covered is significant enough to effect the statistics. And Drum's point - for those who are not innumerate - is fairly clear the gloom and doom predictions of a tidal wave of evictions occuring on the end of the US ban were false.

      Rather predictable ideological reaction in the end to reality not matching the ideological cant about what absolutely will happen.

      1. Vog46

        Lounsbury
        New York, New Mexico, Washington, Dist of Columbia, Minnesota and CA still have some form of eviction moratorium, bridge or whatever you call it in place. Some will expire tomorrow.
        CA is county specific apparently

        The REST of the states have some sort of state programs available to help renters with rent or utilities and some states will prevent evictions if someone is applying for help.
        The VAST majority do NOT have eviction bans.

      2. cmayo

        I tallied them up last time there was a post about this. I'll just go on and find it and copy and paste for you, since you don't want to google it I guess.

        DC has an eviction ban in place through at least the end of 2021.

        The CALIFORNIA ban wasn't lifted until the end of September, so the most populous state in the country with one of the largest problems with housing affordability (and therefore evictions) is NOT in the numbers cited. With additional assistance still in place through at least January 31, 2022, which should reduce the eviction numbers in any case. https://www.dailynews.com/2021/09/28/with-the-states-eviction-ban-ending-la-county-leaders-scramble-for-renter-protections/

        NYC, the most populous city in the country, has an eviction ban in place until the end of 2021.

        Seattle, another place with large numbers of homeless and a housing affordability crisis, also has an eviction ban in place until January 2022 (at least).

        Even Texas had (or has) additional eviction prevention/diversion measures in place until October 1, 2021.

        Various other states (such as the ones Vog46 mentioned, including Minnesota and New Jersey) had some form of additional eviction prevention or straight up bans in place until either September 30, October 31, or the end of 2021 (or beyond).

        This stuff really isn't hard to look up.

  2. skeptonomist

    About $46 billion in rent assistance was authorized by Congress:

    https://home.treasury.gov/policy-issues/coronavirus/assistance-for-state-local-and-tribal-governments/emergency-rental-assistance-program

    but apparently only a fraction has actually been distributed. Some states may spend it on other things. Landlords may be hanging on to get some of this money. If they kick out the tenant they are not likely to get the back rent. But if the money is distributed then eviction may not be necessary.

  3. azumbrunn

    It goes without saying yet needs to be repeated at every chance: Something is seriously wrong with a rental market where 15% of renters are behind in paying the rent.

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