Eviction Expectations in the Post-Pandemic Housing Market

Benjamin Lahey, Andrew Haughwout, Benjamin Hyman and Jason Somerville

No 20221004, Liberty Street Economics from Federal Reserve Bank of New York

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.

Keywords: evictions; expectations; renters; housing (search for similar items in EconPapers)
JEL-codes: R31 (search for similar items in EconPapers)
Date: 2022-10-04
New Economics Papers: this item is included in nep-ure
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