RENT Magazine Q3 '21

THE LASTI NG IMPACT OF COVI D-19 ON THE RENTAL HOUS I NG MARKET By looking back on what landlords and tenants have experienced, we can get a better understanding of what may come.

For 18 months, COVID-19 radically disrupted our lives. Here in the US, the risk of the virus has diminished; however, its impact, in large part, has not. In fact, that impact continues to evolve in unforeseen ways, perhaps most acutely in the rental housing market. Over the course of the last year and a half, prognosticators have been

behaviors, rental concessions, and all the adaptations landlords have adopted to survive an incredibly challenging year. Eviction Flood? Although the future of the moratorium is uncertain, we do know that eviction numbers are down more than two thirds over the last year. This makes sense, of course, as the main driver of evictions – failure to pay rent – has been taken off the table in most cases. According to Princeton Eviction Lab, a typical year sees about a million evictions. This year, that number is down to 312,372. Does this suggest there will be a flood of evictions if the moratorium expires on July 31st? According to our survey, 18.2% of

all over the board in predicting what the

market will look like even just a few months into the future. We’ve collected surveys, internal data sets, and external sources to provide insight into the impact of COVID-19 on the rental housing market now and

into the future. In the following article, we’ll cover changing technologies and

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