Many landlords, frustrated with the extension to the CDC pandemic eviction moratorium, are likely counting the days to its end on July 31.
So are many others, whether in CRE or public policy, but with greater concern. A sudden surge of evictions would "have a devastating and large negative impact on communities," Eric Maribojoc, executive director of the Center for Real Estate Entrepreneurship at George Mason University's School of Business, tells GlobeSt.com.
"The latest US Census Pulse Survey at the end of June shows that 7.4 million renters, about 15% of total renter households, are behind in their rental payments," Maribojoc says. "About half of these renters report not being employed and the loss of employment income as the primary reason for non-payment of rent."
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
