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

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The video item below is a piece of English language content from Al Jazeera. Al Jazeera is a Qatari state-funded broadcaster based in Doha, Qatar, owned by the Al Jazeera Media Network.

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  • Al Jazeera English published this video item, entitled “US housing crisis: Low-income families priced out of Miami” – below is their description.

    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.

    Al Jazeera English YouTube Channel

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