Vyacheslav Dumchev/iStock
(NEW YORK) A potential housing crisis looms over the nation’s post-pandemic recovery, researchers warn, as more than 4 million Americans said they could lose their home in the next two months.
With a disproportionately large share of those facing evictions or foreclosures low-income or people of color, that would exacerbate existing inequalities when it comes to housing, according to a report released this week from researchers at the Harvard Joint Center for Housing Studies.
Meanwhile, those who weathered the pandemic-induced downturn without losing income are snapping up the limited supply of homes for sale and causing prices to skyrocket, the report stated, further putting affordable housing or homeownership out of reach for many.
More than 4 million Americans face eviction amid worsening housing crisis
fox5atlanta.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from fox5atlanta.com Daily Mail and Mail on Sunday newspapers.
Florida Realtors launch ballot initiative to restore affordable-housing trust fund, but with changes
sun-sentinel.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from sun-sentinel.com Daily Mail and Mail on Sunday newspapers.
Ken Sweet And Michael Casey
FILE - In this July 21, 2020, file photo, a homeowner tours his new home, in Washingtonville, N.Y. Two studies released Wednesday, June 16, 2021, found that the nation s housing availability and affordability crisis is expected to worsen significantly following the pandemic, likely widening the housing gap between Black, Latino and white households, as well as putting homeownership out of the reach of lower class Americans. (AP Photo/John Minchillo, File) June 16, 2021 - 3:34 PM
NEW YORK (AP) â More than 4 million people say they fear being evicted or foreclosed upon in the coming months, just as two studies released Wednesday found that the nation s housing availability and affordability crisis is expected to worsen significantly following the pandemic.