The expiration of the federal eviction moratorium over the weekend incited panicked headlines warning of an "evictions doomsday." Reports suggest more than 11 million renters are at risk of eviction just as a new variant of COVID-19 spreads.
The mass eviction narrative has dominated headlines and policy discussions for 16 months, even as nearly every other economic indicator sharply rebounded—jobs and wages, personal savings and debt, home sales and apartment demand—following what turned out to be the shortest recession in American history.
As for the so-called evictions tsunami? Well, it's highly improbable for a long list of reasons. And that's great news for everyone.
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