• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar

CuBird

Culture & Tradition News

  • Home
  • About Us
  • Contact Us
  • Disclaimers
  • DMCA
  • Privacy Policy
  • Submit your story
You are here: Home / As moratoriums lift, will America face a wave of foreclosures and evictions?

As moratoriums lift, will America face a wave of foreclosures and evictions?

M IAMI IS hot—especially if you are selling a home. House prices are 20% higher than a year ago. And unlike other big American cities, rents are up too (by 24% year-on-year), as the Magic City soaks up newly untethered teleworkers. Ecstatic estate agents describe a bonanza. Buyers are waiving inspections and appraisals entirely, buying units sight unseen, and aggressively bidding up prices. One agent tells of a client bidding $50,000 above the appraised value of a home—and still getting rejected. Another admits sheepishly to recently buying a house of her own without an inspection. All the usual gaudy accoutrements of the city are here: the ostentatious sports cars, the well-trafficked designer stores, the planes circling Miami Beach advertising a prominent rapper playing at a nightclub. Listen on the go Get The Economist app and play articles, wherever you are Play in app Play in app Yet amid this exuberance, almost 8% of mortgage-holders in Miami are delinquent, among the highest share in the nation. Meanwhile, people renting housing face the end of a federal moratorium on evictions at the end of the month. A moratorium on mortgage foreclosures ends at the same time, raising fears of a spike in… Read full this story

  • Pope Francis brings tough love to America
  • American Families Face a Growing Rent Burden
  • South Africa: Dweller Evictions, the Heart of Farm Darkness
  • Iowa ranks as the best state to live in America, U.S. News says
  • Not a blue wave, but brown, black, female, Muslim ones explain mixed election results
  • Public, private school students face off at tech competition
  • How these hurricane-ravaged states have avoided a housing disaster -- so far
  • Their dad killed himself on the farm where he was born. They hope his story will save others
  • Greta Thunberg and friends file legal complaint to the UN
  • GOP field heavy on hawks, light on experience
As moratoriums lift, will America face a wave of foreclosures and evictions? have 301 words, post on www.economist.com at July 24, 2021. This is cached page on CuBird. If you want remove this page, please contact us.

Primary Sidebar

RSS Recent Stories

  • Afif, Anamul fifties propel Bangladesh to 256/9
  • Afif, Mustafizur give Bangladesh consolation win
  • Red Lion parachutist will not need surgery, full recovery expected: Ng Eng Hen
  • Takashimaya’s mooncake fair back with more than 50 brands, sampling available
  • Real Estate Ridgefield

Sponsored Links

Copyright © 2022 CuBird. Power by Wordpress.
Home - About Us - Contact Us - Disclaimers - DMCA - Privacy Policy - Submit your story