DALTX Real EstateDALTX Real EstateDALTX Real Estate
  • Home
  • Guest Post
  • Agents
  • Contact Us
  • About
  • Advertise With Us
Reading: As Eviction Moratorium Ends, New Problems Emerge For Renters And Landlords
Share
Font ResizerAa
DALTX Real EstateDALTX Real Estate
Font ResizerAa
  • Home
  • Guest Post
  • Agents
  • Contact Us
  • About
  • Advertise With Us
  • Home
  • Guest Post
  • Agents
  • Contact Us
  • About
  • Advertise With Us
Follow US
© DALTX. All Rights Reserved.
DALTX Real Estate > Eviction Moritorium > As Eviction Moratorium Ends, New Problems Emerge For Renters And Landlords
Eviction Moritorium

As Eviction Moratorium Ends, New Problems Emerge For Renters And Landlords

2 Min Read
SHARE
800px-For-rent-sign-e1545061653192

From Staff Reports

The landmark American Rescue Plan Act of 2021 provided some financial relief for Texans, but hundreds of thousands of renters facing eviction as the federal moratorium expires on March 31. It’s a ticking time bomb for the rental market.

“The short-term multifamily outlook is less than ideal,” said Dr. Luis Torres, Research Economist for the Texas Real Estate Research Center at Texas A&M University.  “The coronavirus bill passed by Congress March 10 includes help for tenants who are behind on  their rent and utility bills. Even with the assistance provided by the latest round of fiscal stimulus, many renters are jobless and depend on weekly unemployment benefits.”

According to the Texas Quarterly Housing Report, 74 percent of DFW households that are behind on rent see eviction as either very likely or somewhat likely in the next two months, compared with 52 percent nationwide.

That’s another worrisome sign for both renters and landlords.

“The apartment market short-term outlook is worrisome due to the uncertainty surrounding the ending of the eviction moratorium,” Torres said, “But it will be helped by the latest round of fiscal stimulus.”

While there will be short-term disruptions and pain for both tenants and landlords, the effects may be less dire for landlords and the multifamily housing construction sector in hot markets where people are moving in large numbers. The metropolitan statistical area of Dallas-Fort Worth-Arlington sports a rent payment percentage that dipped only 0.3 percent lower than fourth quarter 2019, reports show.

“The multifamily market is poised to do well in the medium- and long-terms because of  constrained single-family supply and prices rapidly outpacing incomes, especially in high growth Texas markets like Austin and Dallas-Fort Worth,” he said.

Cody Payne: In Commercial Real Estate, COVID-19 Will Change The Way Office, Retail Spaces Work
Changing Market Conditions Increasing Housing Inventory in Texas. Here’s How That’s a Plus
Finding a Balance Between Home and Home School
Doctor on The Coronavirus Front Line: Will Dallas-Fort Worth Stay Home For Me?
Irving and Lewisville Are Hot Spots for Renters, StorageCafe Analysts Find
TAGGED:American Rescue Plan Act of 2021COVID-19Dr. Luis TorresRental MarketTexas Real Estate Research Center at Texas A&M University
Share This Article
Facebook Email Copy Link Print
Previous Article Dallas Historical Society Hosts Lecture Featuring The Story of Southfork Ranch
Next Article We’re Not Out of The Woods, But Experts Project Robust Market And Skyrocketing GDP
Popular News
Housing Market

Chill Out: Cold Cities Top the List of Best U.S. Housing Markets for October

Marvel at Myrtle Beach Real Estate Priced Under $1 Million
Dave Perry-Miller Real Estate Brings Culture, Arts to North Texas as Event Sponsor
Exclusive: The Sky Bridge at Preston Center From Inside the Pavillion
Neiman Marcus Earnings Call: Real Softness in a Couple of Texas Stores
about us

DaltxRealEstate.com is the largest real estate blog and the only one in North Texas.

Links

  • Privacy Policy
  • Terms of Service
  • Contact Us
  • Paid Guest Post Submission

Categories

  • Wednesday WTF
  • East Dallas
  • Monday Morning Millionaire
  • Upon Closer Inspection

Get Involved

  • Advertise With Us
  • Write for Us: Submit Guest Post

Find Us on Socials

© DALTX. All Rights Reserved.
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?