Fox Business Flash top headlines for July 30
Check out what’s clicking on FoxBusiness.com.
South Carolina residents face the biggest risk as the nationwide ban on evictions expires on Saturday.
Over the course of the pandemic, the state halted most evictions while offering "little rental assistance," real estate brokerage Redfin said.
CLICK HERE TO READ MORE ON FOX BUSINESS
Now, it's facing the largest share of renter households – 7.3% – that say they are "very likely" to face eviction, according to the brokerage.
Per the report, the number of vacant rental units would surge 10.2% if even just one in five households had to leave, causing rental prices to decrease "substantially" due to the uptick in supply.
However, "it would also mean that over 8,000 households would be evicted and potentially face homelessness," the report continued.
Data from the United States Interagency Council on Homelessness shows there are already over 4,200 residents in the state that are experiencing homelessness on any given day.