WARNING: Estimated 3.8 Million Renters Could Face Eviction Over Next 2 Months
A rental crisis is reaching a peak as nationwide eviction moratoriums and rent payment aid programs wind down. As of the end of August, roughly 8.5 million people were behind on their rent payments, according to the Census Bureau. About 3.8 million of those renters are concerned about being evicted within the next two months.
Rents, meanwhile, are on the rise and crossed the $2,000 mark for the first time in June. Zillow reports that rents have climbed by about 25% in the year prior to the pandemic, and 15% in the year since.
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