Oct 14, 2021 - Economy & Business
Evictions stay at historic lows despite end of U.S. ban
Eviction rates are still at historic lows.
Why it matters: Fears that evictions would skyrocket after the Supreme Court blocked President Biden's COVID moratorium in August have not come to pass — yet.
- Landlord court filings were up 8.7% last month from August — roughly half of the average, pre-pandemic September rate — Eviction Lab data shows, per WSJ.
Yes, but: Patterns varied across the country.
- Cities without local protections or rental assistance such as Houston, Milwaukee and Phoenix have seen evictions above or nearing historical averages.
The big picture: Goldman Sachs has estimated that 2.5 million–3.5 millionrenters are behind on payments and roughly 750,000 households are in danger of eviction.