Its about to get even harder for renters


We begin today with a pair of stories about two key parts of this economy. The first one's a quickie because it's something. We have covered every single week. Since march the number of people filing new claims for unemployment benefits seven hundred and forty. Two thousand was the number that came out this morning. That is people who've lost their jobs in the week ended saturday seven hundred and forty two thousand of big as that is it is lower than it has been overall. That is true but it's a week over week increase in that number for the first time in a month in other words. It's going the wrong way story. Number two is housing which just keeps chugging along pandemic well pandemic be darned. How about that. Because it's a family radio show. Sales of existing homes last month hit their highest level in fifteen years. That's according to the national association of realtors and yes prices were up again to more equity for those lucky enough to own now but meanwhile a report out today from harvard tells a different story about a different part of the housing market renters. Especially those with the lowest incomes. Marketplace's amy scott covers housing for us one in five renters. Earning less than twenty five thousand dollars. A year are behind on rent and chris. Herbert with harvard's joint center for housing studies says the racial and ethnic disparities are stark. While fifteen percent of white renters at that income level or behind twenty five percent of black and hispanic renters are behind and this reflects the fact that black and hispanic workers are more likely to be the sectors of the economy that have had a shutdown from the pandemic and so have lost wages meanwhile to policies that have helped renters stay in their homes. A national moratorium on evictions and extended unemployment benefits are set to expire next month so january. It could be a very difficult month for millions of renters and evictions haven't completely stopped. Carol ott with the fair housing action center of maryland says it's up to individual judges. We are seeing people being evicted through the courts. We're also seeing illegal evictions where the landlord will go and change. The locks on attendant widespread evictions could increase demand for homeless shelters. Emergency rooms and child welfare. Services says dan three a research analyst with the national low income housing coalition and the public costs to health and social services systems could range between sixty two and one hundred and twenty nine billion dollars. He says the solution is direct payments to help tenants cash up on billions of dollars in background. I'm amy scott for

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