X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

In a recent interview with CNBC, Moody’s Analytics Chief Economist Mark Zandi said the CDC’s recent extension of federal eviction moratoria will likely be the nation’s last, as the U.S. continues its slow climb out of the coronavirus slump. 

In his remarks, Zandi noted that “the pandemic is still raging and the economy is weak,” with unemployment and underemployment very high, resulting in considerable financial stress, particularly for renters. But he pointed to the significant amount of renter assistance coming to both landlords and tenants in the form of the $25 billion federal package in December and an additional $21 billion in the American Rescue Plan. The three-month extension is “just enough time to get that money out and to get on the other side of the pandemic,” he said.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.