Published
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.
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#UShousingcrisis #FloridaHousingBoom #Aljazeeraenglish
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: http://aje.io/AJSubscribe
- Follow us on Twitter: https://twitter.com/AJEnglish
- Find us on Facebook: https://www.facebook.com/aljazeera
- Check our website: https://www.aljazeera.com/
#UShousingcrisis #FloridaHousingBoom #Aljazeeraenglish
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- World
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- al jazeera, al jazeera english, aljazeera
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