Economic headlines offer a confusing mixed bag lately. A wide range of indicators show surprising strength in everything from jobs, wages and personal savings to home sales and apartment demand. The economic downturn triggered by COVID-19 turned out to be shortest recession in American history.
But one narrative remains stubbornly negative: a looming “evictions tsunami.” Media reports now suggest more than 11 million renters are at risk of eviction when the federal moratorium expires at the end of July.
How can that be? Well, it probably isn’t – and that’s good news for everyone.