Looming Foreclosure Crisis Unlikely to End Housing Boom: Experts

Looming Foreclosure Crisis Unlikely to End Housing Boom: Experts
A house's real estate for sale sign is seen in front of a home in Arlington, Va., on Nov. 19, 2020. SAUL LOEB/AFP via Getty Images
Emel Akan
Updated:

WASHINGTON—U.S. housing prices are going through the roof, and a looming wave of foreclosures is unlikely to reverse this trend in the near term due to a severe housing shortage in the country, according to experts.

The foreclosure moratorium for federally backed mortgages is going to end on July 31. The Biden administration extended the national moratorium by a month in June and made clear that this would be “the final extension.”

Emel Akan
Emel Akan
Reporter
Emel Akan is a senior White House correspondent for The Epoch Times, where she covers the policies of the Trump administration. Previously, she reported on the Biden administration and the first term of President Trump. Before her journalism career, she worked in investment banking at JPMorgan. She holds an MBA from Georgetown University.
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