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The eviction and foreclosure moratoria was the right policy response to the coronavirus pandemic, according to a new research paper from UCLA Ziman Center for Real Estate. The paper, written by Ziman Center director Stuart A. Gabriel, reviews a study on the benefits of the foreclosure moratorium implemented after the housing crisis in California. Foreclosure prevention laws enacted in California during the Great Recession helped to curb mass eviction and hold up property values, and it is an indication that similar moratoria—this time for both foreclosures and evictions—could have a similar positive impact.

“If you look to the question of do we have evidence of the economic impacts of an eviction moratorium, the answer is that we don’t have much, but we do have this study,” Gabriel tells GlobeSt.com. “This study went through blind peer review and is published in one of the top three academic finance journals, so it has really been through the wringer in terms of careful scientific vetting.”

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Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.

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