Evictions nearly back to pre-pandemic levels in some U.S. areas: Cleveland Fed study

Evictions nearly back to pre-pandemic levels in some U.S. areas: Cleveland Fed study
© Reuters. Makeshift sheets displaying messages of protest contesting the ability to pay for rent hang in the window of an apartment building in the Columbia Heights neighborhood in Washington© Reuters. Makeshift sheets displaying messages of protest contesting the ability to pay for rent hang in the window of an apartment building in the Columbia Heights neighborhood in Washington

(Reuters) – Landlords in some areas of the United States are filing to evict rent-delinquent tenants at roughly the same rate they were before the coronavirus pandemic as eviction bans across the country begin to expire, research from the Federal Reserve Bank of Cleveland showed on Friday.

The regional Fed bank looked at eviction data from 44 U.S. cities and counties, finding it fell sharply in the early days of the economic crisis caused by the pandemic as many jurisdictions enacted bans on eviction filings, hearings or both.

“As of July 7, roughly one-third of rental units in our study are no longer covered by temporary policies, and eviction filings have now returned to their prepandemic levels in those places no longer covered,” the researchers wrote. Filings remain lower in areas that have continued their bans.

Moreover, it could get worse in the weeks ahead as a number of the emergency relief programs enacted by Congress to assist tens of millions of unemployed Americans start to expire at the end of July.

“In addition to expiring eviction bans, renter households face expiring supplemental unemployment benefits offered through the CARES Act in spite of a still-elevated unemployment rate, a situation which further raises the risk of eviction for households impacted by the crisis,” the researchers – Rebecca Cowin, Hal Martin, and Clare Stevens – wrote in their report https://nam02.safelinks.protection.outlook.com/?url=https%3A%2F%2Fwww.clevelandfed.org%2Fen%2Fnewsroom-and-events%2Fpublications%2Fcommunity-development-briefs%2Fdb-20200717-measuring-evictions-during-the-covid-19-crisis.aspx&data=02%7C01%7CDaniel.Burns%40thomsonreuters.com%7Ca7ad44a32b6647d7cda308d82a92fb8c%7C62ccb8646a1a4b5d8e1c397dec1a8258%7C0%7C0%7C637306158061542359&sdata=sKXJpPey5bMVCuQ%2Fw9J4Z65TBlpDY15bNqOtSIuxr4o%3D&reserved=0.

(This story has been refiled to fix URL of hyperlink in final paragraph).

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

XL subscribe to our newsletter banner

Get the latest news and advice on COVID-19, direct from the experts in your inbox. Join hundreds of thousands who trust experts by subscribing to our newsletter.

Send your news and stories to us news@climaxradio.co.uk or newstories@climaxnewsroom.com and WhatsApp: +447747873668.

Before you go...

Democratic norms are being stress-tested all over the world, and the past few years have thrown up all kinds of questions we didn't know needed clarifying – how long is too long for a parliamentary prorogation? How far should politicians be allowed to intervene in court cases? To monitor these issues as closely as we have in the past we need your support, so please consider donating to The Climax News Room.