Oct 27
WI evictions are down statewide by 28% year to date through September 30th. In Milwaukee, that percentage is slightly higher, at just under 31% reduction.
A telling part is that August evictions were much lower than last year, despite the state’s moratorium being lifted.
This drop in evictions occurred even while reported collections are down by 12-16%. In talking to property owners, I’ve been told by many they have pulled back on maintenance, some suffering the impact to the point they have forgone insurance, utility and mortgage payments.
The impact on the other side will be higher housing costs for all as owners fail, or try to make up for losses in the future.
