Evictions are on the rise in some of the most popular boomtowns across the US due to soaring rent prices, even as the federal government has lifted COVID-19 pandemic-era eviction moratoriums. Key points include:
– Eviction Lab data from Princeton University tracked over 1 million evictions nationwide in the past year
– Popular boomtowns like Minneapolis and Columbus, OH, have seen significant increases in eviction filings compared to pre-pandemic levels
– The Sun Belt region is experiencing the most post-pandemic eviction turmoil, with cities like Tampa, FL, and Miami seeing the largest rent increases
According to real estate experts, the high demand for housing in these areas, coupled with landlords increasing rent prices, has led to a surge in eviction rates as affordability challenges persist in the South despite stable or falling rents elsewhere.
You can read this full article at: https://papersourceonline.com/evictions-in-pandemic-boomtowns-are-surging-as-rents-rise/(subscription required)
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