US housing crisis: Low-income families priced out of Miami

6 monate vor

House prices in the US are soaring, leaving many low- and middle-income families unable to afford a shrinking supply of homes as fewer are being built during the pandemic, due to a shortage of building materials. businesses and the wealthy are relocating in droves to Miami, in the US state of Florida, attracted by lower taxes and sunnier weather. That means a surging housing market - the median price for a single family home now well over $400,000. Groups working to provide affordable housing are having an increasingly difficult time and first-time buyers are being priced out. Al Jazeera’s Andy Gallacher reports from the US city of Miami in the final part of our series on the rising cost of housing. - Subscribe to our channel: - Follow us on Twitter: - Find us on Facebook: - Check our website: #UShousingcrisis #FloridaHousingBoom #Aljazeeraenglish
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