More people are paying rent despite the coronavirus pandemic


Yahoo! Finance (June 17, 2020) -- It looks like landlords’ fears that tenants would not pay rent during the COVID-19 pandemic may have been overblown.

At the beginning of the novel coronavirus pandemic in mid-March, mass layoffs caused tenants to worry whether they could pay rent. But three months later, rent payments have stabilized, according to the National Multifamily Housing Council (NMHC) survey of over 11 million apartments in the U.S., released June 16.

“For the first time since this research for the National Multifamily Housing Council was initiated, there’s an annual bump in rent payments across a significant block of metros,” wrote Greg Willett, Chief Economist of RealPage, a Texas-based property management software company that contributed to NMHC research.

Read more at: Yahoo! Finance