Goldman: 750K households face eviction this year if rent relief isn’t sped up
Banking giant estimates that 2.5M to 3.5M U.S. households owe landlords a combined $12B to $17B
With the federal ban on evictions nullified, economists are painting a grim picture for millions of Americans behind on rent.
A new report from Goldman Sachs estimates that 750,000 rental households could face eviction this year if the slow rollout of rent relief persists in the absence of another moratorium.
Analysts at the banking giant estimate that 2.5 to 3.5 million American households are behind on their rent, Politico reported, owing landlords a combined $12 billion to $17 billion across the country.
Last week, the Supreme Court blocked the Biden administration’s latest federal eviction moratorium, clearing the way for eviction proceedings to start across the country.