The top three cities in the study were Memphis, Phoenix and Atlanta
By Brian Charles | Governing
During the housing crisis and Great Recession a decade ago, millions of Americans were evicted from their homes for being unable to pay their mortgages. Now, many housing experts say America is on the verge of a new eviction crisis, and this time, it’s affecting renters.
“We have had basically a lot of demand for rental, and tight credit markets have pushed up that demand by people who would normally own homes,” says Dan Immergluck, an urban studies professor at Georgia State University.
The 2008 fiscal collapse reshaped the housing market, prompting greater scrutiny of banks’ lending practices and keeping more people from purchasing a home. That’s placed more pressure on renters, especially low-income renters, according to the 2017 State of the Nation’s Housing report from the Joint Center for Housing Studies at Harvard University.
