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Neither borrower nor renter be: America’s coming foreclosures

Economist Podcasts

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Economic Outlook: Foreclosure Fears Amid Recovery

This chapter examines the current state of the American economy, highlighting a 6.5% GDP growth while preparing for the end of federal moratoriums on evictions and foreclosures. It outlines the increasing mortgage delinquency rates, particularly impacting Black and Hispanic families, and raises concerns about a potential spike in foreclosures as protections expire. The discussion also covers the complexities of the housing market, job growth opportunities, and the emotional toll of foreclosures on families.

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