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(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.