Eviction Moratorium End - How will it impact the RE market?

[Laura R.]

Hi, I heard that the eviction moratorium is supposed to end January 15. Does anyone know if there is any current plan to extend it again? How do you think the end of the moratorium will impact the market for multifamily properties? I'm looking at Buffalo NY in particular.

 I imagine it will take awhile to work through the cases. But do you think there may be a lot more inventory coming on the market as people are able to vacate their properties? I would imagine the small time landlords who got burned in this situation may want to sell if prices are still reasonably high which could lead to prices dropping sometime next year. On the other hand the rents will possibly also go down if more vacant units are available. 

[Joseph Serignese]

I can't see NY state ending the moratorium in the middle of winter. They wont kick people out in the cold so I fully expect it to continue at least until spring. It was a BS date all along.  Just my opinion.