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Eviction Expectations in the Post-Pandemic Housing Market

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Abstract

Housing is the single largest element of the typical household’s budget, and data from the SCE Household Spending Survey show that this is especially true for renters. As the housing market heated up in the latter stages of the pandemic, home prices and rents both began to rise sharply. For renters, some protection from these increases was afforded by national, state, and in some cases local eviction moratoria, which greatly reduced the risk of households losing access to stable housing if they couldn’t afford their rent. Yet many of these protections have expired and additional supports will do so soon. In this post, we draw on data from our SCE Housing Survey to explore how renters perceive their housing risk and find that the answers depend to a large degree on their current and past experiences of the housing market.

Suggested Citation

  • Benjamin Lahey & Andrew F. Haughwout & Benjamin Hyman & Jason Somerville, 2022. "Eviction Expectations in the Post-Pandemic Housing Market," Liberty Street Economics 20221004, Federal Reserve Bank of New York.
    • Handle: RePEc:fip:fednls:94866
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    File URL: https://libertystreeteconomics.newyorkfed.org/2022/10/eviction-expectations-in-the-post-pandemic-housing-market/
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    More about this item

    Keywords

    evictions; expectations; renters; housing;
    All these keywords.

    JEL classification:

    • R31 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Spatial Production Analysis, and Firm Location - - - Housing Supply and Markets

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