by Mike ‘Mish’ Shedlock
The Street
The federal ban on evictions expires in January. For millions that’s when huge problems start.
Wave of Evictions Coming
Prepare for a Wave of Evictions in January as Federal Ban Expires.
Millions of U.S. renters face the prospect of eviction in January unless federal officials extend protections put in place during the Covid-19 pandemic.
That month is when the Centers for Disease Control and Prevention’s ban on evictions is set to expire. The moratorium protects tenants who have missed monthly rent payments from being thrown out of their homes if they declare financial hardship. The CDC ordered the halt on evictions under the Public Health Service Act, which allows the federal government to enact regulations that help stop the spread of infectious diseases.